Russian payment services provider Yandex.Checkout has enabled online stores in Russia to accept Chinese mobile payment app WeChat Pay.
Prior to this, WeChat Pay was accepted only at offline stores in Russia, such as the duty free shops in the country’s airports.
Go deeper with GlobalData
The offline service was enabled last year.
To pay through WeChat Pay, users are not required to pay a commission.
The money is debited from the user’s WeChat messenger balance or from the linked bank card.
At a time, users are allowed to spend a maximum of RUB646,000 ($10,297.24).
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe daily spending limit is capped at RUB1.3m.
Yandex.Checkout head of Asian business development Ilia Sokolov said: “Yandex.Checkout is already working with Chinese companies oriented towards Russian customers, and now it also offers Russian businesses new opportunities to work with customers from China.
“Payment acceptance via WeChat Pay can be a starting point for growth to a business that’s working with Chinese tourists within Russia or is looking at the international market with an interest in customers from China.
“Moreover, WeChat is an all-purpose service for working with customers: it’s both a payment solution and a promotional tool.”
Last month, Yandex.Checkout struck a partnership with Isbank to support ruble payments in Turkey.
