AliExpress integrates the Yandex.Money payments platform

Yandex.Money, the largest online payment service in Russia, and AliExpress, a retail marketplace for worldwide consumers, has announced that Yandex.Money will be offered as a payment option on the AliExpress marketplace.

Russian consumers shopping on AliExpress will now be able to pay commission free, using their Yandex.Money e-wallets. Also, due to Yandex.Money’s integrated payment solution, shoppers will soon have the option of paying for goods from the balance on their mobile phones or in cash at 170,000 locations including mobile retailers and Sberbank terminals.

“Every day AliExpress receives tens of thousands of orders from Russia,” said Dmitry Danilenko, CCO at Yandex.Money. “Cross-border e-commerce is growing at an impressive rate: in the last year market volumes have doubled in Russia. The start of AliExpress accepting payments through Yandex.Money is a momentous event for both parties and will be of great benefit to our customers.”

“Russia is among the top three markets where our users are located and we are happy to introduce a new payment option that many of our Russian users are familiar with,” says Denis Makkaveev, Business Development Executive, AliExpress Russia. “With the addition of Yandex.Money’s payment solution, we are continuing our mission to improve the user experience and make shopping on AliExpress simpler, easier and more enjoyable for our users in Russia.”

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