Gambling payment processor in Russian deal

Skrill, one of Europe’s largest online payment processors, has inked a new partnership with Russian payments service Yandex.Money in a collaborative move that will enable the company to expand coverage of the Russian payments market while allowing Yandex.Money to be integrated as a payment option for Skrill’s 140,000 merchants worldwide, offering a local payment solution to a global customer base.

Yandex.Money is one of Russia’s most popular payment services: 84 percent of Russians are familiar with it and 17 percent use it to make payments at least once every six months. Currently Yandex.Money is accepted by over 20,000 online stores in Russia, Ukraine, Belarus and Kazakhstan.

Mohamed Omaizat, VP group corporate development at Skrill, said Friday: “Partnering with Yandex.Money will provide Skrill’s expansive global merchant base with access to consumers in Russia. It will also enable us to grow our global payment network even further with another popular local payment option, ensuring we stay at the forefront of the digital payments market.”

“We want to give our users an opportunity to pay with Yandex.Money in any internet store anywhere in the world,” said Maria Gracheva, business development director at Yandex.Money. “Some of the internet’s most popular services, such as Skype, Facebook and McAfee, are already using Yandex.Money for payments in Russia.”

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