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Russian Payment Service Yandex.Money Collaborates With Cash-Back Shopping Pioneer Ebates.com

Headquartered in Russia, Yandex.Money is the largest payment service in the country. The company recently partnered with Ebates.com, a pioneer and leader in online cash-back shopping. With this service, the customers can get a percentage of their purchases in cash, which will be sent directly to their e-wallets.

"We're delighted to be working with Yandex.Money as it now means their 22 million users can begin to enjoy cash-backs, online coupons and exclusive offers from hundreds of their favourite retailers like AliExpress!" Ebates.ru’s General Manager, Adrienne Down Coulson said in company’s press release.

The volume of the Russian e-commerce market has increased by 31% just in the last year and its total volume grew close to $12 billion, according to research by AKIT. In addition, AKIT estimated that almost every other Russian user has made some purchases online.

Russian stores make up almost 20% of stores offering cash-ba ...

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