Yandex.Money Integrates With Skrill

Internet, 23 May, 2013. 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.

Skrill is one of Europe’s largest online payment providers, offering its clients more than 100 payment options in 200 countries and territories. It allows online businesses to make use of payment services without going through complex integration procedures. Skrill’s payment solutions are used by over 140,000 online merchants around the world.

“Partnering with Yandex.Money will allow Skrill to provide its expansive global merchant base with the access to consumers in Russia,” commented Mohamed Omaizat, VP Group Corporate Development at Skrill. “This partnership will also enable us to grow our global payment network even further with another popular local payment option, ensuring we stay at the forefront of the digital payments market.”

“It is in our interest to give our users an opportunity to pay with Yandex.Money for their purchases in any internet store anywhere in the world,” said Maria Gracheva, Business Development Director at Yandex.Money. “Some of the internet’s most popular services, such as Skype, Facebook and McAffee, are already using Yandex.Money for payments in Russia. Thanks to our collaboration with Skrill, any internet store can now join up with us – particularly those stores who are interested in attracting customers from Russia and other CIS countries.”

According to TNS, Yandex.Money is Russia’s most well-known payment service: 84 percent of Russians are familiar with it, and 17 percent use Yandex.Money to make payments at least once every six months. Currently, Yandex.Money is accepted by over 20,000 internet stores in Russia, Ukraine, Belarus and Kazakhstan. Now, internet stores anywhere in the world can also offer this option to their customers.

Yandex.Money is the largest electronic payment system in Russia offering easy, safe and reliable methods of paying for purchases online. As of early 2013, the system had over 13 million accounts. The platform handles more than 9,000 new accounts that are added daily and more than 120,000 customer payments for products and services.

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Skrill is one of Europe's largest online payments systems and among the world's largest independent digital wallet providers with 35 million account holders. Skrill’s mission is to become the first choice for online payments. Skrill’s worldwide payment network offers businesses access to direct payment processing via 100 payment options in 200 countries and territories and 40 currencies through just one integration, allowing everyone to pay and get paid globally.

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