Wix.com partners with Yandex.Money to expand in Russia

Wix.com has announced its partnership with Yandex.Money, a payment service in Russia, which will provide a local online payment system to Wix’s users there.

Through this partnership, Wix is now able to provide Russian users its powerful website development technology, supported by Yandex.Money’s robust and popular online payment solutions.

“Expanding in new markets is one of our goals for 2014, and we’re focusing on tailoring our cloud-based solutions to fit the specific needs and requirements of users in these markets,” said Lior Shemesh, Wix’s CFO. “Wix is all about simplifying and streamlining the web creation and management process, and it’s our priority to provide an uninterrupted and frustration-free user experience, no matter where our users are located. The partnership with Yandex.Money, the largest online payment service in Russia, takes us yet another step closer to achieving this in Russia and help Russian SMBs take their businesses online.”

“E-commerce in Russia has been booming,” said Dmitry Danilenko, Yandex.Money’s Chief Commercial Officer. “According to Morgan Stanley, the sector will have doubled by 2015. We see a lot of interest among users in this area, many of whom hope to start an online business of their own. Wix.com allows users to create their own websites for free, and its premium features help these users take their professional business presence to the next level. Yandex.Money has over 16 million accounts and we’re happy to help them and all Russian users launch their own online business.”

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