eMoney Becoming Popular Payment Option in Russia

What's Next In Payments®
2:49 PM EST May 20th, 2012

Russian consumers added 125 billion roubles ($4.1 billion) to their e-wallets in 2011, up from 70 billion roubles ($2.3 billion) in 2010, according to Finextra.

Russian consumers use e-wallets to make low-value payments, providing an option to merchants hoping to avoid interchange fees on credit card transactions. Assist Electronic Payment System is one company that provides such services.

Read the full story here.

Comments
Also by This Author
What's Hot
News
Big Spenders Spend Small On Cyber Monday
News
140 Million To Shop Today
News
Macy’s To Start Cyber Monday Early
News
Sears Gives Holiday Sales To Rivals (But Not On Purpose)
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Company Spotlight
MasterCard’s Take On Black Friday
News
Big Spenders Spend Small On Cyber Monday
News
140 Million To Shop Today
News
Macy’s To Start Cyber Monday Early
View All Articles ››