Skrill Enters into Partnership with Yandex.Money

The online payment company Skrill has entered into a partnership with the Russian payments service company Yandex.Money. The partnership will allow Skrill to increase its coverage of the Russian payments market and will at the same time integrate Yandex.Money as a payment option for Skrill’s 140 000 global merchants.

Skrill (Moneybokers), is one of the foremost online financial intermediaries in Europe and has 35 million account holders. Mohamed Omaizat, Skrill’s VP of Group Corporate Development, explains that “Partnering with Yandex.Money will provide Skrill’s expansive global merchant base with access to consumers in Russia. It will also enable us to further grow our global payment network, with another popular local payment option, ensuring we stay at the forefront of the digital payments market”.

Yandex.Money is one of the most trusted Russian online payment systems and boasts over 13 million account holders, to which 9000 new accounts are added on a daily basis. Business Developments Director at Yandex.Money, Maria Gracheva, says: “We want to give our users an opportunity to pay with Yandex.Money in any internet store or eTailer, anywhere in the world. Some of the internet’s most popular services, such as Skype, Facebook and McAfee, are already using Yandex.Money for payments in Russia”.

The collaboration is good news for any online stores interested in growing their Russian and CIS clientele, as it ensures efficient and secure online payments.

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