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Mentioned Companies:

Yandex.Money in Russia

More than 83 million Russians access the internet regularly, making them the largest group of any country in Europe. The estimated number of online shoppers in Russia is 25 million, and last year around 47 million orders were cross-border. The volume of the local ecommerce market is approximately $2.47 billion (713 billion rubles). What is unusual about online purchases by Russians is that more than 43% of those payments are made by cash on delivery. Payment cards account for 34%. Yandex, the top portal and search engine in Russia, has 25 million users of its Yandex.Money digital (online an...

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April 2016
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