What is Yandex.Money?
Yandex.Money is an online payments service and electronic payment system launched in 2002 by Yandex, a major Russian Internet company operating the largest search engine in Russia. It serves as an electronic alternative to cash allowing secure online payments between private parties as well as payments for goods and services.
Some key features of Yandex.Money include:
- Digital wallet to store money, make payments online, and transfer funds
- Payment cards connected to the Yandex.Money account
- Ability to accept payments from customers for businesses selling goods/services online
- Mobile app allowing payments and money transfers on the go
- Support for recurring transfers and payments using saved card details
- Convenient integration with other Yandex services like Yandex.Taxi, Yandex.Travel, etc
Since its launch in 2002, Yandex.Money has become one of the most popular online payment services in Russian-speaking countries. It faces competition from the likes of PayPal, Qiwi, WebMoney and other electronic payment systems but retains significant market share, especially in online commerce payments. It provides a convenient, safe and reliable way for millions of Yandex users to pay online or send money digitally.