Adyen, payments platform of choice for the world’s leading companies, expanded its partnership with Russia’s largest payment service provider, Yandex.Checkout, to enable retailers worldwide to accept most popular payments methods in Russia and the CIS.
Adyen merchants from all over the world can now offer Russian and CIS-consumers most popular online payment methods: e-wallets, online banking, and cash via mobile retailers and payment kiosks. This expanded partnership enables Russian users to pay for various goods and services without the need to change their existing payment habits.
'Adyen has carved out a powerful place in the payment industry by laying down smooth payment rails for the biggest names in tech', says Anna Kuzmina, Yandex.Money Deputy CCO. 'Russia has been one of the fastest growing e-commerce markets: its volume in the first half of 2017 grew by 22% (compared to the first half of 2016) and reached 498 billion RUB (8.7 billion USD). There are more than 87 mln active Internet users, it’s vital for global retailers to be able to adjust to people’s needs.'
Olivia Sicurani, Head of Local Payments at Adyen adds: 'We see great potential in the Russian market, where local payment methods dominate and the e-commerce market is booming. It’s very interesting for Adyen merchant base to start selling to Russia, world’s largest country. Thanks to Yandex.Checkout, our merchants can now offer a variety of most popular local payment methods (not only cards) without the need to set up a local entity, via one simple integration with Adyen.'