Yandex.Money, Money add new online functionalities to their services

Friday 6 December 2013 10:16 CET | News

Russian internet companies Yandex.Money and Group have introduced new functionalities for the users of their respective e-currencies.

According to online media outlet East-West Digital News, since November 2013, Yandex.Money users have been able to send money via e-mail. To send a so-called ‘money letter’, a user only needs a Yandex.Mail account and a Yandex.Money e-wallet. The recipient can have an e-mail address in any domain name and does not need to have a Yandex.Money e-wallet.

A user enters an email address and writes a message as usual, but instead of attaching a file from his computer, the sender attaches some Yandex.Money from his account.

Money Mail.Ru has introduced a service that allows users to pay taxes via this payment solution. To receive tax information from Money Mail.Ru, the user enters his or her tax identification number. For users that need to pay taxes, they only need to provide their name and address and make the payment via Money Mail.Ru. The service provides a bank receipt to confirm payment and users can even pay taxes before they are due.

Tax information is provided directly from the database of the State Information System on State and Municipal Payments. As such, Money Mail.Ru’s data is constantly up to date and tax payment information also enters the state’s database.

In July 2013, Yandex and financial services provider Sberbank have completed their joint venture for electronic money solutions. Yandex.Money is one of the largest online payment services on the Russian Internet with 16 million registered users and 9,000 new e-wallets created daily.

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Keywords: Yandex, Money, online payments, Russia, currencies, e-wallet
Categories: Payments & Commerce
Countries: World
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