eMoney Becoming Popular Payment Option in Russia

What's Next In Payments®
2:49 PM EDT 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.

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