Yandex.Money is the largest electronic payment service in Russia, offering easy, safe, and reliable methods of paying and accepting payments online from bank cards, e-wallets, mobile phone balances, and in cash via payment kiosks.
According to TNS, Yandex.Money is Russia's most well-known and widely used payment service: 87 percent of Russians are familiar with it, and 22 percent regularly use Yandex.Money to make payments. As of December 2014, Yandex.Money had 20 million accounts with about 12,000 new accounts opened daily.
The service offers online stores a convenient universal payment solution for accepting online payments - Yandex Payment Solution. With this service, merchants can start accepting payment methods that are most popular among residents of Russia and other CIS countries: bank cards (Visa, Visa Electron, MasterCard, and MasterCard Maestro), e-wallets, cell phone balances for the top Russia/CIS providers, and cash via mobile retailers and payment kiosks (over 170 thousand cash-acceptance points all over Russia). Currently, over 76,000 online stores accept Yandex Payment Solution.