The report comes from Ukrainian website nrcu.gov.ua, which cites the press service of the Ukrainian Guarantee Agency, a company representing WebMoneys interests in Ukraine.The payment system allows customers across Ukraine to pay online for services offered by mobile operators, internet providers, shops, as well as companies providing IP-telephony and hosting services.
WebMoney is an electronic money system which offers options for exchanging national currency into digital WebMoney. WebMoney accounts and online wallets are available in eight specific currencies. The system allows users to conduct online transactions without a bank acting as an intermediary. For this purpose, users must open a WebMoney account, download software on their computer, install it and thus receive a WebMoney ID.
The number of new account registrations in the system has grown from 4 million in 2007 to 6 million in September 2008. Customer transactions surpassed USD 3.3 billion in USD value in 2007. Apart from CIS and Eastern European countries, WebMoney has offices in countries such as US, the Netherlands, Germany, Spain, Japan, Greece, Israel, France and UAE.
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