Yandex releases universal payment solution for internet merchants, businesses

Using this solution, any online store, vendor or charity in Russia (and some other countries) can add all the most popular payment methods to their website and expand payment opportunities for their clients. Yandex.Moneys universal payment solution includes payments with a bank card, Yandexs electronic money, cash transactions via payment terminals and mobile payments.

Yandex.Moneys universal payment solution supports MasterCard and Visa, including Maestro and Visa Electron cards (if online payments are allowed by the bank, which issued the card). Cash payments in Russia can be made via one of over 170,000 payment terminals. Mobile payments are offered to clients of Beeline, MegaFon, MTS and Tele2.

To start using Yandex.Moneys payment solution, internet merchants need to sign an agreement (or an addendum to the agreement if it already exists) with the company, receive the code for payment buttons and add it to their website.

Yandex is the leading internet search service in Russia with 61.6 percent of the countrys search market (according to LiveInternet, June 2013) and a monthly audience of 54.3 million (according to comScore, May 2013). Yandex also operates in Turkey, Ukraine, Belarus and Kazakhstan.