Online payments, Digital wallet
|Solutions||Send & Receive payments, Digital wallet|
|Payment Methods||Bank cards, Online banking, e-Wallets, Mobile phones, and Cash via terminals and checkouts (Over 250 thousand cash-acceptance points all over CIS), Physical Yandex.Money card, Virtual Yandex.Money Card|
|Some advantages||Fast, Flexible, Secure and Reliable solutions|
|Wallet-to-wallet transfers: 0% commission|
|Bill payments via QR code|
|Loyalty program, Cashback, Statistics on expenses, etc.|
|Yandex Mobile App downloadable from App Store or Google Play Store|
Yandex.Money is the largest online payment service in Russia according to a 2016 survey by TNS, also having an electronic wallet which is its original product.
The website allows users to access a wide variety of services, which include utilizing electronic means of payment, transferring funds without opening a bank account, placing orders to partner-banks for making transfer (including the same with the bank cards), posting and storing diverse content, personalizing of content and etc.
Online businesses sign up for just one package to accept all the most popular payment methods Russian consumers use: e-money, bank cards, cash, and mobile carrier billing.
Yandex.Money’s partners include banks, internet and telecom service providers, online stores, game publishers, postal and municipal services, payment integrators, and more.
Yandex.Money is a joint venture of Russia’s most popular search portal, Yandex (YNDX), and Sberbank, the largest bank in Eastern Europe. Over 18 million e-wallets are registered on Yandex.Money, with around 12,000 new ones opened every day.
According to a June 2015 public opinion survey conducted by TNS, 92 percent of Russians are familiar with the service, and 44 percent regularly use Yandex.Money to make payments.