Yandex.Money, Sberbank launch instant payment

Thursday 18 October 2018 09:46 CET | News

Russia-based payment system Yandex.Money, in cooperation with Sberbank, has launched its new B2B payments system.

The B2B payments system is enabling businesses to transfer money between legal entities. The online transfers are implemented within minutes, rather than the usual 1-3 days. The option is available for customers of Sberbank using the Yandex.Checkout service.

A company can start using the service by embedding the button for accepting payments via the Sberbank Business Online system at its website. The service is available to companies with a settlement account at Sberbank, which includes about 2 million businesses.

Yandex.Money is a joint venture of the search engine Yandex and Sberbank. Yandex.Money offers Russian users an easy, safe, and reliable methods of paying online with Yandex Wallet. The Yandex Wallet includes a digital distribution platform, with Apple, Steam, Nintendo, PlayStation Network, Microsoft, and Blizzard along with local retailers.

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Keywords: Yandex, Yandex.Money, Sberbank, instant payments, B2B payments, Yandex Wallet, money transfer
Countries: World