Yandex.Checkout is making changes to its brand: the payment service provider will now operate in non-Russian markets under the name YooMoney. The company will complete the transition after 15 December 2020, and, up to that date, the new brand and the old one will be used simultaneously.
Yandex.Checkout has conducted a study about the efficiency of the invoicing solution. The service allows issuing invoices directly and sending them via email, text message, or a direct link in a chat, and monitor the payment process. 16 thousand companies are using Yandex.Checkout’s invoicing solution.
The number of contactless payments made from smartphones has increased by a quarter over the year, with the turnover growth of 26% and an average order value of about $7. Yandex.Checkout analysts have compared payments made with the company’s cards via smartphones in the last five months and within the corresponding period last year. To date, Yandex.Money has issued over 2M physical cards and over 19M virtual cards.
Digital goods, or paid content, are becoming increasingly prevalent in Russia, yet the latest data suggests that even in times of self-isolation, the volume of purchases of physical goods is still larger. Yandex.Checkout analysts have conducted a study on how the pandemic reshaped consumer preferences in gaming, media, streaming services, online dating, online education, and advertising.
Yandex.Checkout introduces split transaction, the new solution for marketplaces and online platforms that offer goods and services provided by various companies. This new feature automatically splits money between different sellers whose goods were paid for in a single order via one transaction. The marketplace itself will not need to send invoices and transfer money via its bank account. Yandex.Checkout’s solution helps platforms to control the financial flows between sellers and buyers as well as reduce the document flow.
Last week, Russia had a national non-holiday week off, which demanded strong self-isolation measures from people and businesses. Grocery stores and paid TV providers experienced the largest growth in turnover of online payments. Tourism, entertainment ticket sales, and personal services, in turn, demonstrated the most significant decrease. Yandex.Checkout studied online payments between March 30th and April 5th.
Yandex.Checkout launches a new feature for businesses: payment acceptance utilizing the automatic update of card details for Visa and Mastercard bank cards. Using this feature, companies can reduce the number of declined transactions on payments made via expired, lost, or blocked cards.
Last week, the demand has grown not only for groceries and the entertainment content, but insurance services as well. Since the beginning of the month, the websites of insurance companies have registered an increase in the turnover of payments averaging at about 23% per week. Yandex.Checkout studied the turnover between March 1 and 22, 2020. As of now, Yandex.Checkout serves 120K websites across the globe.
Contactless payments continue its rapid expansion into e-commerce in Russia, and the efficiency of alternate payment methods introduction has been proved. According to the recent study conducted by Yandex.Checkout analysts, the conversion rate within contactless payments is higher than in traditional bank card operations, and the average transaction is significantly higher in some categories in comparison with other payment methods. 19% of the companies utilizing Yandex.Checkout accept contactless payments via Apple Pay and Google Pay on the web-site or in the app.
Merchant Payments Ecosystem (MPE) Conference 2020 will take place 18-20 February in Berlin. The leading European discussion platform brings together 1250+ attendees from merchants, acquirers, PSPs, and POS SW & HW vendors, established companies as well as start-ups & fintechs united by their passion for payments.
Yandex.Checkout has provided the report on the results of its performance in 2019 as well as the overview of the Russian market overview in 2019 with the breakdown of the dynamics within sectors, changes in customers’ spending preferences, and the expansion of the alternative payment products.
Russian gamers spent more in 2019, continuing the trend for market growth. Yandex.Checkout studied how residents of Russia paid for games and game-related purchases last year.
Research company Mediascope has conducted a study on payment behavior of Russians and studied how and what for the residents of Russia paid online in 2018-2019.
Global research center MARC has conducted a study to determine how websites operating in Russian Internet accept online payments. In 2018, the number of platforms processing online payments has increased by 15%, resulting in 143,000. 85% of these platforms support payments via bank cards. 3% of websites support payments via payment gateways, 20% use direct bank acquiring, 67% use complex payment solutions. The most popular payment solutions are Yandex.Checkout (37.6%) and Robokassa (8.7%).
Yandex.Checkout introduces online payments via WeChat Pay to online stores and other online services in Russia. WeChat Pay is a payment service operating as digital wallet based on the popular Chinese messenger WeChat. This marks the first time such service appears in Russia: until now, Russian companies and entrepreneurs could accept payments via WeChat Pay only at offline retail outlets.
Turkish bank Isbank adds the option of payments via Yandex.Checkout and starts providing its partner companies with payment acceptance via the most popular among Russians payment methods. Cooperation between Yandex.Checkout and Isbank helps Turkish merchants reach Russian consumers and enables millions of Russians to make ruble payments for purchases at online tourist websites in Turkey. Isbank works with over 10,000 online platforms operating in Turkey.
Russian customers are noticeably more often using contactless payment methods to pay for purchases: the number of payments made with smartphones has increased nearly threefold over the past year. According to Mastercard, contactless in-store transactions are already above 50% in Russia. As VISA reported in autumn 2018, the Russian Federation was one of the top-3 markets in terms of the amount of contactless payments.
Yandex.Money introduces a new service for multi-currency accounts and cards. In addition to rubles, the service allows users to keep money and pay in 10 foreign currencies: US dollars, euros, British pounds, Japanese yen, Chinese yuan, Swiss francs, Czech korunas, Polish zloty, Belarusian rubles, and Kazakhstani tenges. Yandex.Money is the first company in Russia to offer cashback for payments in 10 currencies at once.
Yandex.Checkout offers Russian customers the opportunity to make an online preorder and an advance payment for Tesla Model Y, an electric crossover by Elon Musk’s Tesla Motors. The new Model Y is now available to Russian customers for online pre-booking at the Moscow Tesla Club website.
Yandex.Checkout analysts have conducted a study on the popularity of online sales made on installment plans in Russia. The results show that most often users take online loans to pay for household goods, educational services, and appliances. An average one-time loan taken by a Russian customer amounts to about $350 (26 thousand rubles) and has a term of up to 6 months. The study covers payments made using the Installments service launched by Yandex.Checkout in March 2018, which is now used by more than 8 thousand businesses selling goods and services online.
Yandex.Money’s payment service provider Yandex.Checkout was recognized as the Best PSP at Merchant Payments Ecosystem (MPE) Conference 2019 in Berlin. The winners of MPE Awards 2019 were announced on February 20 at the MPE Awards Gala Dinner & Ceremony held in the InterContinental Hotel Berlin, attended by 1000+ MPE2019 conference participants.
Yandex.Checkout partners with Tinkoff Bank to offer online stores direct payments via its app and online banking
Yandex.Checkout provides its merchants with a new payment method—payments via Tinkoff Bank. It allows online platforms to issue invoices to those users who prefer Tinkoff bank’s mobile app or online banking account instead to the store’s website. As the payer doesn’t need to enter bank card details, the new service will help online stores to make the payment process faster and easier for the clients of Tinkoff Bank, and in turn, increase their conversion rate.
Yandex.Checkout becomes a partner of Sheremetyevo Duty Free Heinemann to provide duty-free and retail stores on the territory of the Sheremetyevo International Airport with WeChat Pay. This service works as an e-wallet based on the Chinese WeChat messenger.
About 39 million Russians shop in online social channels such as social media, instant messengers, classified ad websites, and other P2P platforms. The number of users paying for goods and services at these websites will continue increasing over time, conclude the Yandex.Checkout and Data Insight analysts after studying the customer behavior in online social channels as well as user buying preferences, and transaction scenarios at different platforms.
Yandex.Money introduces Garmin Pay to its cardholders. Now, with a Yandex.Money virtual or plastic card tokenized in Garmin Connect Mobile app, paying at offline stores with a Garmin smartwatch seamlessly is no longer a problem. Thus Yandex.Money supports five contactless payment methods: Apple Pay, Garmin Pay, Google Pay, Samsung Pay, and its own feature embedded into Yandex.Money app.
Yandex.Money collaborates with Moven Enterprise to provide 46mln users with a private financial adviser
Partnering with the US fintech company Moven Enterprise, Yandex.Money provides its 46 million users with a real-time personalized financial management (PFM) service in their e-wallet mobile app. The company offers an innovative AI-driven smart-banking and financial wellness platform. Moven is founded by Brett King—a financial expert, futurist, and the author of bestselling book series on banking with his just released Banking 4.0.
In 2018, the Russian social commerce market, which includes sales of goods and services via social networks, in instant messengers, on classified ad platforms, and via other P2P platforms, is estimated at approximately $8.98bn (591 billion rubles) and 394 million transactions. The participants include 39 million Russian buyers and 22 million sellers comprised of companies (B2C) and individuals (C2C), according to the Yandex.Checkout and Data Insight analysts who conducted a study of companies and users running businesses via social channels.
Yandex.Checkout partners with BMW Group Russia to offer Russian customers an online preorder of the new flagship BMW X7, available at dealers starting in spring 2019. The cooperation between Yandex.Checkout and BMW Group Russia has already resulted in exclusive preordering offers for MINI cars in Russia.
Over 90,000 Yandex.Checkout’s partners can now accept payments via Google Pay without any additional development required: the payment method becomes available to them as they send a request for it.
Yandex.Checkout provides its partners with a new payment method, WeChat Pay. This service is integrated into the popular Chinese app WeChat. The new feature is well suited for merchants working with Chinese tourists in Russia or looking for an opportunity to start doing so.
Yandex.Checkout enables online stores and service providers to accept payments with cards issued by foreign payment providers, such as American Еxpress, JCB, and Diners Club. This new option is convenient for businesses working with foreign clients including tourists, non-residents, or customers from abroad served on a remote basis.
Yandex.Checkout and Sberbank have launched the B2B Payments service allowing companies to accept online payments from corporate clients as easily as from individuals. A company can start using the service simply by embedding the button for accepting payments via the Sberbank Business Online system at its website. The new feature will help reduce the time frame of the payment process between businesses from 1–3 days to 1–3 minutes. Yandex.Checkout and Sberbank are the first to offer an online payment technology of this type in Russia.
Research company Mediascope (formerly TNS) has studied online payment preferences of Russian users in 2018.
On the International Day of Charity, Yandex.Checkout is introducing a service allowing customers to automatically round up receipts and donate spare change to charity with every online purchase. Yandex.Checkout becomes the first Russian payment aggregator to provide users with this type of donation tool as well as the tech-empowered idea to support charitable giving in Russia with a systematic approach.
Charity trend in Russia is driven by local boost of payment technologies: the number of Russians donating online to charity and crowdfunding sites has increased by 40% in the first six months of 2018 in comparison to the same period of 2017.
Collaborating with Yandex.Checkout, MINI online showroom has launched online prepayments for MINI Cooper S cars in Russia. The exclusive MINI Collection 25 is now available for booking and prepayment via a bank card without additional fee. Previously online preorder of MINI Cooper S cars had been launched in the UK and South Korea, and now MINI offers this opportunity to customers in Russia.
Yammi is a low cost, transparent, tech/digital-focused automated Wealth Management solution and a joint project of Yandex.Money and FinEx Group. This platform is dedicated to providing individuals with an easy start to investing.
Yandex.Checkout has updated its mobile SDK―the tool for providing businesses with friction-free payment methods in their Android and iOS mobile apps. Yandex.Checkout becomes a pioneer among Russia’s payment providers to introduce such a feature.
MARC, a global research center, has conducted a study on the online payment solutions used by Russian websites and the changes in their preferences within the past year. The report is based on the information provided by 124,000 websites that sell various products and services to Russian consumers.
Yandex.Checkout is introducing a multipurpose fraud and scam protection product for all businesses–FraudDetector. It detects both behavioral and payment fraud, scam attempts, and abnormal patterns. Initially, FraudDetector was used as an internal system to protect 90,000 Yandex.Checkout partners from payment fraud while reducing their financial risks and maintaining payment conversion. The same system was then extended to 35 million Yandex.Money users, protecting them against wallet scams, account hacks, and theft. Now this service is widely available, with no installation or investment in IT infrastructure required.
Chinese online retailer DHgate.com has started accepting payments using Yandex.Checkout. The most popular online payment provider in Russia and Chinese leading b2b e-commerce platform made the deal in May this year.
Yandex.Checkout analysts conducted a study on Russian customers’ preferences regarding online shopping via a smartphone, tablet, and desktop, revealing the most popular online payments trends in Russia in 2018.
Yandex.Checkout introduces a new feature allowing online stores and services to provide their customers with an option of paying for purchases in installments. The installment plan will be available to the users immediately once they fill out a simple form at the Yandex.Checkout’s website. According to a 2017 NAFI Research Center report, 27% of the respondents prefer to get loans or installment plans online.
#GivingTuesday is coming to Russia for the second year in a row. Celebrated on the Tuesday following Thanksgiving (in the U.S.) and the widely recognized shopping events Black Friday and Cyber Monday, #GivingTuesday kicks off the charitable season, when many focus on their holiday and end-of-year giving.
Russia’s leading payment aggregator Yandex.Checkout has launched a new technological platform that will help companies accept online payments faster than before, use the special offer system to increase sales, and receive key business analytics.
Adyen, payments platform of choice for the world’s leading companies, expanded its partnership with Russia’s largest payment service provider, Yandex.Checkout, to enable retailers worldwide to accept most popular payments methods in Russia and the CIS.
Yandex.Money, Russia’s leading online payment service, released a new application Yandex.Gas. The app allows drivers to pay for fuel remotely without the need to leave their car and having to stand in line at the cash register. It’s a project in cooperation with Mastercard payment system and LICARD company (a subsidiary of PJSC LUKOIL).
Yandex.Checkout, Russian leading online payment service, is the first in Russia to offer advance online payment for Tesla Model 3. Tesla Model 3 electric car is now available to Russian customers for online booking pre-ordering at teslamodel3.ru. It is a special platform by Moscow Tesla Club, the independent supplier of electric cars in Russia and the Club of Tesla owners.
Yandex.Checkout enabled online stores to send invoices to their customers via Viber messenger, allowing them to pay for goods and services directly in the messenger. This new option becomes available thanks to the cooperation between Yandex.Checkout and Russian email marketing service Imobis.
Yandex.Checkout, Russia’s leading payment service provider, enabled online stores to accept payments via Telegram Bots, allowing their customers to pay for goods and services directly in the messenger. Telegram introduced chatbots nearly two years ago, but it’s only now that the company brought support for payments for chatbots. Yandex.Checkout became the first payment provider in Russia to offer this option to companies.
Yandex.Money, the largest online payment service in Russia, brings its users a new method of contactless payments — via Android Pay. With this method, users can now pay from Yandex.Money virtual and plastic Mastercards, and companies can start accepting payments via Android Pay through Yandex.Checkout.
Mediascope research company (former TNS) has studied how Russian users make electronic payments. The results revealed that the popularity of mobile payments has grown significantly compared to last year. 60% more users prefer to pay using applications rather than the mobile versions of websites. The percentage of users who prefer contactless payments does not exceed 8.6%.
Yandex.Checkout enabled companies to accept payments via marketing newsletters. Users no longer need to visit the company’s website to pay for their purchase—the payment button is now accessible directly in the email — for example, on upcoming events, new product arrivals or discounts announcements. This new service is suitable for any business, including those companies that do not have a website at all.
Yandex.Money becomes the first distributor of digital content for Nintendo Switch in Russia. The following games for this console are now available at the service’s website — The Legend of Zelda: Breath of the Wild, Mario Kart 8 Deluxe*, 1-2-Switch, Snipperclips: Cut it out — together. Before that, digital content for Switch could only be purchased at Nintendo eShop.
MARC, a global research agency, studied the market of payment aggregators in Russia and saw how online stores preferences have changed over the year. The company analyzed 116 thousand websites, which sell various goods and services.
Ivan Glazachev, who previously served as the Executive Director and Member of the Board at Russian Standard Bank, is joining Yandex.Money as the CEO. Maria Gracheva, the previous CEO of Yandex.Money, continues working for the company and will now serve as the Business Development Director. Her focus shifts to various Fintech projects and expansion into new markets.
Online stores and other merchants, which accept payments via Yandex.Checkout, Russia’s leading payment service provider, can now offer consumers fast and convenient contactless payment via Apple Pay. Yandex.Checkout clients can add a new payment method in apps and on websites. Online shopping has never been easier: paying via Apple Pay is as simple as the touch of a finger. With Touch ID there is no need to manually fill out lengthy payment forms or repeatedly type in billing information.
Yandex.Checkout, Russia’s leading online payment service, has enabled Russians to prepay for their Renault cars online. Renault.ru online store offers its customers a variety of 2016 vehicles, which are now available for booking and prepayment via the store website.
Yandex.Checkout and Riot Games have unveiled a new feature for League of Legends players as the game’s virtual currency can now be purchased via mobile phone balance – a convenient payment method for those who might not have a bank card at hand but have some spare money on their telephone balance.
Russian mobile application Yandex.Fines for iOS has implemented a new feature, which enables paying for traffic fines via Apple Pay. The option is available for iPhone 6 as well as iPad Pro, Air2, mini 3 and later smartphone and tablet versions.
Yandex.Money became the official sales operator of the popular game publisher EA Games. Russian users can now buy FIFA 17 for PC and Xbox through Yandex.Money. FIFA Points for topping up balance are also available for purchase at Yandex.Money website.
Sharp surge in charity donations in Russia in 2016: Russia to join #GivingTuesday for the first time
#GivingTuesday, the global day of grassroots giving, spanning five continents, is coming to Russia for the first time on 29 November.
Chinese online retailer GearBest.com has started accepting payments using Yandex.Checkout, Russia’s leading online payment provider. Yandex.Checkout will provide many payment options for GearBest customers: online shoppers can now pay for their orders via e-wallets, direct debit with Sberbank Online or Alfa Bank as well as by cash using one of the 250 thousand payment kiosks throughout Russia.
Yandex.Money, the largest online payment service in Russia, brings its users Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay in stores, apps and on the web.
Yandex.Money, Russia’s largest online payment service, has become the first company in Russia to introduce money transfers via iMessage. Apple gadget owners who have the Yandex.Money app will now be able to send money directly through the messenger. Yandex.Money will also allow users to crowdfund via group chats.
Russian users can now book their car ride with BlaBlaCar through Yandex.Checkout. BlaBlaCar is a global ridesharing service connecting people who need to travel with drivers who have empty seats travelling the same way. The Paris-based company announces starting its monetization process in Russia, following the example of other countries.
Russia’s leading online payment service Yandex.Money has begun distributing Blizzard Entertainment virtual cards, which provide users with a convenient payment option for Blizzard’s online games: World of Warcraft, Overwatch, Heroes of the Storm, StarCraft, Hearthstone, and Diablo.
Yandex.Checkout is launching a new feature for merchants: the ability to accept payments through QR-codes. Sellers will simply need to place QR-codes on their merchandise, and customers will be able to scan the code through the Yandex.Money mobile application.
Yandex.Money, the largest online payment service in Russia according to TNS, now offers users the ability to pay via the Yandex.Money app on Apple Watch. Users can top up their mobile phones or transfer money to friends right from their wrist. The app also includes options for checking the balance of an account and receiving push notifications.
Yandex.Checkout has launched built-in chat payments for online stores. Many online stores already have live chat support available to visitors on their sites. Now, if customers would like to make an order after consulting with a support agent, they can initiate the payment process right from the chat window. In the chat window, the support agent sends the customer information about the order and a “Checkout” button appears to redirect the buyer to a payment page.
Yandex.Money studied the online payment behavior of its users who play computer and online games. In total, 42% of what they spend through Yandex.Money they spend on games and game accessories (e.g., tools for characters, virtual currency). Compared to the average user, gamers spend seven times as much of their total spending on games.
Yandex.Money took a look at how online payment behavior differs among particular groups of customers, breaking their groups down by gender, occupation, mobile platform, and state of indebtedness. Data collection was arranged through the Yandex’s own technology Crypta. Crypta can distinguish clusters according to categories of customers by relying on their online behavior. Data included information about payments that users made via e-wallet, linked bank cards, and the Yandex.Money MasterCard (Yandex.Money has issued more than 400,000 physical bank cards and 10 million virtual cards).
TNS, a global think tank, released a new report on the popularity of online payments in Russia — how users pay for goods online and which payment methods they prefer.
Yandex.Money, the largest online payment service in Russia, will employ NFC technology to offer users contactless payments from its Android mobile app. Users can now make payments in supermarkets, the metro, and other public places, simply by placing their smartphone up to a POS terminal.
Yandex Payment Solution is debuting a new checkout method in Russia, which allows users to access a variety of payment methods and instant checkout. The new and improved checkout allows merchant sites to determine the preferred payment methods of a customer and present them with a faster, smarter payment process.
Travelers can now access their Yandex.Money e-wallets right form international airports using TravelersBox kiosks. These kiosks allow travelers to deposit their leftover foreign coins and bills to their Yandex.Money e-wallets before departing for their home country.
MARC, a global research agency, has studied the market of payment aggregators among 88,000 online stores in Russia.
Russian users can now pay for games on Sony PlayStation via Yandex.Money e-wallet. Yandex.Money is the first online payment service in Russia that has been allowed to accept quick payments on the popular Sony game console.
Russia’s leading payment service Yandex.Money conducted research on which payment methods users prefer for making donations to private or non-profit projects. This year, users donated money using bank cards (53%), e-wallets (34%), online banking (9%), and text messages (3%). Other transfers were sent online via payment kiosks, and mPOS.
American cashback web site Ebates.com is continuing its expansion into Russia by collaborating with the local leading payment service Yandex.Money. Now Yandex.Money’s 22 million users can have Ebates.ru cashback rewards sent directly to their e-wallets.
MasterCard and Yandex.Money announced today a new partnership. Yandex.Money e-wallet and MasterPass™ are now connected and Yandex.Money users can do shopping on foreign sites where MasterPass is accepted—that is 250,000 online stores across 24 countries.
Chinese online retailer JD.com has started accepting payments using Yandex Payment Solution by Yandex.Money. The companies made the deal 18 June of this year. Now JD.com customers can pay for purchases from their Yandex.Money e-wallets or with bank cards linked to their e-wallets. In the future, Yandex Payment Solution will support payments via the online banking systems of Sberbank, Alfa-Bank, and Promsvyazbank for shoppers on JD.com.
Yandex.Money compared how the online spending habits of users this summer and the previous summer. We analyzed tens of millions of payments made on the more than 75,000 Russian and non-Russian sites that accept payments via Yandex.Money or using payment methods via Yandex Payment Solution.
Yandex.Money Makes Shopping in China Easier: Launch of the Brand New Online Trading Platform TradeEase
The new online trading platform TradeEase has launched in Russia. The platform allows users to shop in China for electronics, household appliances, clothing, footwear, accessories, spare car parts, and much more. Now this platform aggregates offers of 200 Chinese stores. This number is expected to grow to 800 by the end of the year.
Microsoft starts providing users of Lumia in Russia with the payment application of Yandex.Money, a leading payment service in the country.
TNS has conducted research on the popularity of electronic payment methods in Russia. The survey showed that many users literally take e-money wallets with them—40% of e-money users pay with it via desktop computers and mobile devices.
Western Union, a leader in global money transfers and payment services, and Yandex.Money, the largest online payment service in Russia, announced their collaboration. The agreement will enable more than 22 million Yandex.Money users to send money in minutesoverseas to their friends and relatives. The Western Union network comprises of over 500,000 Agent locations in 200 countries and territories across the globe.
The Russian search gaint Yandex has undertaken research of the payment solutions and methods used for accepting payments by Russian online stores.
Russia’s largest online payment service—Yandex.Money—and the largest bank in Eastern Europe—Sberbank—are the first in Russia to offer online stores a new online payment method: text message payments on Sberbank’s Mobile Bank interface. Now it takes online shoppers just a few moments to complete a purchase even without a credit card handy. A user simply specifies his phone number on the store’s website and confirms payment by sending a text message to Mobile Bank’s short number—900. The payment method is available to users commission free.
Yandex.Money has launched the platform Vmeste (meaning ‘together’ in Russian), a comprehensive solution for online fundraising. The solution makes crowdfunding simpler and thus more available to the masses. The project Vmeste (“together” in Russian) combines three new payment tools that will benefit both individuals and charity funds. Now users and companies can organize a comprehensive collection of money on their own payment pages. No technical knowledge is necessary, and there are no additional costs.
Yandex.Money has introduced a new method for confirming payments, whereby one-time passwords are generated by a mobile application. These passwords can be retrieved at any time, even without internet or mobile connection.
Yandex.Money has become Nintendo’s first digital distribution partner in Russia. Now users from Russia and the CIS can buy games for Nintendo 3DS and Wii U in Yandex.Money’s digital goods section. Users can choose from various commission free payment methods: Yandex.Money e-wallet, Visa/Visa Electron, MasterCard, Maestro bank cards and more.
New “wizards” have appeared in Yandex Search, allowing users to make payments without leaving the search results page. One of the wizards helps users browse and purchase tickets to the cinema, another enables users to pay for traffic fines. The wizards eliminate the need to go to the bank or use any special service. Users can do everything directly through the search engine.
Yandex.Money and Simtech have launched Merchium, a cloud solution based on the CS-Cart content management system. Using this solution any person can create an online store: no special skills are needed. The site can be launched as a new website or integrated into an already existing one. Plus, users can open stores on social networks by adding the app with all the necessary options—catalog of goods, shopping cart, customer account—to a specific page (e.g. Facebook or VKontakte). Creating and hosting a resource on Merchium is free.
Users can now use Yandex.Money to pay for mobile service from the Finnish carrier DNA on the site Vedia, an informational resource for Russians traveling in Finland.
Yandex.Money has launched a new service that allows for quick transfers from one card to another. Paying back a friend, sending money to family, or adding money to your bank card just got easier through this card-to-card transfer service. Users do not even need to open an e-wallet.
AliExpress integrates the Yandex.Money payment platform to make shopping online even easier for Russian consumers.
TNS has conducted research on the popularity of electronic payment methods among Russian online shoppers of different age and demographic groups. The survey’s subjects were residents between the ages of 12 and 55, living in cities with populations of over 800,000. Moreover, this study is the first of its kind where TNS has included the 12-17 and 46-55 age categories. In total, more than 2,800 respondents participated in the survey.
Yandex.Money has started selling special readers that enable merchants to accept any Visa or MasterCard.
Now when users open a Yandex.Money Wallet, they automatically get a “virtual” MasterCard. Those who already have a Wallet can get a card under their Wallet Preferences.
Yandex.Money has announced a change to its top executive. Starting 18 March, Maria Gracheva will be taking over the management of the company. The current CEO, Jane Zavalishina, will remain on Yandex.Money’s board of directors.
Yandex.Money has released a new service for paying bills over the internet. Called Gorodskiye Platezhi — literally “City Payments” — it allows any user to pay their bills online, quickly and at any time, without even having to register on the site.
For the first time, Russian internet users can send money over email.
Yandex.Money now offers a universal payment solution for internet merchants, businesses and other organizations. Using this solution, any online store, vendor or charity in Russia (and some other countries) can easily add all the most popular payment methods to their website and expand payment opportunities for their clients. Yandex.Money’s universal payment solution includes payments with a bank card, Yandex’s electronic money, cash transactions via payment terminals and mobile payments.
Yandex.Money users now have the option of transferring funds from their e-wallets straight to an American bank account—personal or business. That means users can, for example, pay for hotel reservations and rental car service in advance of a vacation, or pay for courses or business services offered in the United States. Moreover, payments can be covered by funds from a Yandex.Money account or a bank card linked to an account. Either way commission is 3% plus 15 rubles.
Customers of the top three Russian mobile operators can now top up their mobile phones straight from Yandex’s search results—commission free. A payment form appears immediately under the search box when a user enters, for example, ‘pay for mobile phone’ (in Russian). The new option is available as a result of Yandex.Money software developers’ enhancements.
Starting today, users can add cash to their Yandex.Money accounts at any Svyaznoy store commission free.
On 24 July, Yandex.Money in partnership with MasterCard will start issuing a new version of its bank card. Now the Yandex.Money MasterCard is available with MasterCard PayPass technology, which allows users to make payments simply by hovering their card over the PayPass terminal. If the purchase is less than 1,000 rubles, you won’t even need to enter the card’s PIN or sign the receipt. Hundreds of thousands of stores, restaurants, gas stations, and parking garages all over the world are equipped with PayPass terminals (you can find nearby locations on MasterCard’s website).
Yandex (NASDAQ:YNDX) and Sberbank of Russia OJSC today announced the completion of the previously publicized joint venture for electronic money solutions. Under the terms of the deal, Sberbank has acquired 75% interest (minus one ruble) in the charter capital of Yandex.Money for approximately $60M. The key objective of this strategic partnership is to drive innovation in online retail payment solutions.
Yandex.Money users can now top up their accounts via Sberbank ATMs and payment terminals without facing any commission charges. The service is available in all Russian regions, using cards from any bank.
Yandex.Money announces partnership with Skrill, a leading European online payment provider. This new collaboration will allow internet stores around the world to quickly and easily tap into Yandex.Money services.
Starting today, Yandex.Money users can add money to their e-wallets accounts using PrivatBank cards. They can withdraw money at any PrivatBank ATM in Ukraine.
Today the App Store began featuring Yandex.Money’s app for iPad. The app allows users to pay for thousands of goods and services, like internet, loans, and utility bills. It’s also handy for topping up your cell phone or Skype account and for sending transfers to other users. All these transactions are easy to make on tablets, which are a convenient option for staying connected while travelling.
From today, the owners of a debit or credit card issued by a Russian bank can instantly transfer funds from their bank account to their Yandex.Money account. In addition to a simple, safe and easy way to help friends or family, the users of Yandex.Money now have a convenient instrument for contributing to a chosen charity or supporting an action or cause.
Yandex and Sberbank of Russia today announced a strategic partnership in the area of e-money, through the establishment of a joint venture on the Yandex.Money platform. Yandex and Sberbank plan to be at the forefront of developing innovative online retail payment solutions by combining Sberbank’s banking expertise and Yandex’s internet technologies.
Starting today, people living in Kazakhstan can use Yandex.Money to pay for mobile phones, TV, and internet. Service providers such as KCell, Beeline, Tele2, Alma-TV, DigitalTV and others have already partnered with Yandex.Money.
Users can now transfer Yandex.Money to a bank account in any country except the US (transfers to US bank accounts will be possible in the near future).
Now, funds can be transferred to accounts on the Russian payment service Yandex.Money from abroad. In 14 European countries commission for bank transfers won’t exceed 1%. These countries include the UK, France, Italy, Spain, and the Scandinavian and Baltic states.
Yandex (NASDAQ: YNDX) today announced the launch of Yandex.Money cards for its customers. Users of Yandex.Money, the largest electronic payment service in Russia, can obtain a free MasterCard debit card to make payments both online and offline using funds from their Yandex.Money accounts.
Yandex. Money users in Ukraine, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Uzbekistan, and Tajikistan can now transfer funds to Visa cards. This service has been available to residents of Russia since February.
Since the beginning of March, users have been able to pay for purchases on Origin with Yandex.Money. Origin is the official portal of the company Electronic Arts, a developer and distributor of electronic games. The service is available to all Yandex.Money’s users—both in Russia and worldwide.
Starting today, Yandex.Money users can transfer funds from their Yandex.Money accounts to any Visa or MasterCard account. Funds can be transferred to the user’s own card or to any other card of their choice, for example to their grandmother’s or little sister’s card.
Yandex.Money has launched an app for Facebook called ‘Collect Money’. Using the app, people can raise funds for anything from academic and charitable projects to vacations with friends.
Now fans of five free online games from the largest video game developer and distributor Electronic Arts can pay for their purchases in the Play4Free virtual store with Yandex.Money. Users can pay commission-free with their accounts or with a linked bank card.