Adyen, a Netherlands-based payments platform, has expanded its partnership with Yandex.Checkout to allow worldwide retailers to accept popular payments methods in Russia and the CIS.

Adyen merchants across the globe will be now be able to offer online payment methods including e-wallets, online banking, and cash via mobile retailers and payment kiosks for Russian and CIS-consumers.

Yandex.Money deputy CCO Anna Kuzmina said: “Adyen has carved out a powerful place in the payment industry by laying down smooth payment rails for the biggest names in tech.

“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.”

Adyen head of local payments Olivia Sicurani said: “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.”

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