Electronic money movements in Russia

More precisely, the results of 2009 and prospects. As well as other news directly related to our spiritual and financial comfort in the field of electronic payments.

The Association of Electronic Money Market Participants (AEM) was established in the summer of 2009, it unites the largest operators and industrial associations operating in the electronic money segment. The initiators of the creation of the Association were i-free, WebMoney, Yandex.Money, QIWI payment service (QIWI), national industrial associations NAMIR and NAUET. The main goals of the AED activity are the development of the electronic money market as a public financial service in the interests of the population, the state and industry participants. The AED sees the main methods of solving this problem as “the development of legislation, interaction between market participants and market participants with other business entities and government bodies, popularization of services provided on the basis of electronic money, increasing market transparency and developing criteria for best business practice.” The very fact of organizing this non-profit partnership indicates that the electronic money market in Russia is actively developing. And, more importantly, wants to develop legally. As Viktor Dostov, Chairman of the Council of the EMA elegantly put it, “The concept of “electronic money” exists officially, as the market has grown to a situation where it is more profitable for it to be regulated.”

Regulated, but not over-regulated, as is often the case with us. Although the state, for its part, should be very interested in the development of this segment of the financial market. Although electronic payments are virtual, from the point of view of tracking cash flows and identifying the payer / recipient, they are much more material than impersonal bundles of banknotes. According to Viktor Dostov, “An important event for the electronic money market was the adoption of Federal Laws No. 103 and No. 120 (“On the activity of accepting payments from individuals carried out by payment agents” and “On amendments to certain legislative acts of the Russian Federation in connection with the adoption Federal Law "On the activity of accepting payments from individuals carried out by payment agents"). These laws have had a great impact on the market as a whole, as they are the first Russian legislative acts that introduce and specifically regulate the concept of retail payment, including electronic. Thanks to them, making payments for amounts up to 15,000 rubles was greatly simplified.

An indirect confirmation of the active development of the electronic payment market in Russia is the arrival of Western payment systems PayPal, MoneyBookers and Ucash. Western payment systems have a significant advantage in the absence of serious regulatory restrictions, but they are not always ready for Russian realities. As one of the speakers noted, the president of PayPal said that about a third of fraudulent transactions in this payment system "come from Russia".

Statistics

The publication of statistical data on Russian electronic payments in 2009 was announced as a news item at the press conference. On the graph, the letter "I" stands for Internet transactions, "M" for mobile and "T" for payment terminals. More or less full figures are announced for the first time, although the task of collecting data and bringing them “to a common denominator” turned out to be difficult, plus more than 10% of participants in this market could not be interviewed. Final conclusions in quotes with comments:

“Yandex.Money and WebMoney are still the leaders of the Russian e-money market in the Internet payments category, with a combined share of about 90%. In 2009, the turnover of these companies increased by 40% compared to 2008: Russian users replenished their Internet wallets in these payment systems in the amount of more than 17 billion rubles, and the total number of active accounts exceeded 2.3 million.” Currently, there is an approximate parity between these companies: WebMoney has a larger average amount of account replenishment, Yandex.Money has more users. According to Yevgenia Zavalishina, Director General of Yandex.Money, one of the landmark events of this year should be the possibility of direct money transfer between the wallets of Yandex.Money and WebMoney payment systems.

“The number of users of the electronic money market in the category of “mobile payments” (for goods and services not related to mobile content) in 2009 amounted to more than 15 million people, the volume of payments is about 8 billion rubles. The increase in the turnover of companies in this category amounted to about 100%. The largest market players are i-Free, A1, Infon, Inkor-media.

“Another major market participant, the QIWI payment service (QIWI), which combines such categories of the electronic money market as “mobile, terminal and Internet payments”, in 2009 the number of users exceeded 6 million people, and the turnover amounted to more than 11 billion rubles, which is 2.5 times more than the figures for the previous year.” Separate statistics on electronic payments did not record "direct" replenishment of personal accounts with mobile operators, when money is entered only to replenish the balance. The "terminal" segment of the market showed the highest growth rates.

What awaits us in QIWI

Andrey Popkov, QIWI Wallet project manager, shared some details and future news especially for Mobile-Review. Below are the main theses.

The well-known "Personal Account" was renamed to "QIWI Wallet" for ease of perception. The former "Personal Account" is used quite a bit, Mr. Popkov estimates the share of this service in the total turnover at about 10%.

The number of connected providers today is 1482 and this number is growing steadily. The company aggressively introduces new services and strives to encourage users in every possible way. For example, now QIWI is negotiating with Internet providers to provide free access to the QIWI portal for those users whose access to the "big" Internet is blocked due to non-payment.

There are technical problems, but they are being solved. Changed the "engine" and expand communication channels. On the subject of overloads: on holidays, the Web interface was sometimes unavailable for quite long periods of time, but these were precisely the access problems. The system itself functioned, as users of Java applications could verify.

About Java clients and other mobile versions of Wallet. A free app for the iPhone has already appeared in the Apple Store and a similar one for the Android platform is already ready. In general, people underestimate the mobile versions of QIWI clients, but they are really easy to use and useful in situations of “top up your account here and now.”

There are no plans to increase the existing lower threshold for interest-free account replenishment (in Moscow it is 500 rubles). But the very fact of the possibility of replenishing the balance of a mobile phone without commission annoys the owners of the devices. To date, about 30% of payments from the "QIWI Wallet" account for replenishment of the account with mobile operators. Therefore, QIWI seeks to encourage payments from the "Wallet" in favor of other providers, and Mr. Popkov does not rule out the appearance of a commission for replenishing the balance of the phone. Bad news for you and me, you can’t say anything.

In the near future, it is planned to introduce the possibility of paying for cell phone services by personal account number, the phone number can be omitted. An extremely relevant and in-demand service, you can’t argue with that. Our respected operators love to send out postcards to their former clients demanding "immediately pay off the debt on personal account number xxx." Of course, without a phone number.

On the issue of security. Additional measures will be taken and certificates are expected. But only for those who want to use these additional measures, the rest are not going to complicate life. The approach is extremely reasonable and better late than never. I well remember the swearing on the forums in connection with the forced introduction of a separate password for Web access. Yes, and he himself went through a very non-trivial procedure for refusing paid voice notifications about the operations performed. I don’t know how many customers QIWI lost then, but it’s clearly not worth repeating the experiment.

Electronic money movements in Russia

More precisely, the results of 2009 and prospects. As well as other news directly related to our spiritual and financial comfort in the field of electronic payments.

The Association of Electronic Money Market Participants (AEM) was established in the summer of 2009, it unites the largest operators and industrial associations operating in the electronic money segment. The initiators of the creation of the Association were i-free, WebMoney, Yandex.Money, QIWI payment service (QIWI), national industrial associations NAMIR and NAUET. The main goals of the AED activity are the development of the electronic money market as a public financial service in the interests of the population, the state and industry participants. The AED sees the main methods of solving this problem as “the development of legislation, interaction between market participants and market participants with other business entities and government bodies, popularization of services provided on the basis of electronic money, increasing market transparency and developing criteria for best business practice.” The very fact of organizing this non-profit partnership indicates that the electronic money market in Russia is actively developing. And, more importantly, wants to develop legally. As Viktor Dostov, Chairman of the Council of the EMA elegantly put it, “The concept of “electronic money” exists officially, as the market has grown to a situation where it is more profitable for it to be regulated.”

Regulated, but not over-regulated, as is often the case with us. Although the state, for its part, should be very interested in the development of this segment of the financial market. Although electronic payments are virtual, from the point of view of tracking cash flows and identifying the payer / recipient, they are much more material than impersonal bundles of banknotes. According to Viktor Dostov, “An important event for the electronic money market was the adoption of Federal Laws No. 103 and No. 120 (“On the activity of accepting payments from individuals carried out by payment agents” and “On amendments to certain legislative acts of the Russian Federation in connection with the adoption Federal Law "On the activity of accepting payments from individuals carried out by payment agents"). These laws have had a great impact on the market as a whole, as they are the first Russian legislative acts that introduce and specifically regulate the concept of retail payment, including electronic. Thanks to them, making payments for amounts up to 15,000 rubles was greatly simplified.

An indirect confirmation of the active development of the electronic payment market in Russia is the arrival of Western payment systems PayPal, MoneyBookers and Ucash. Western payment systems have a significant advantage in the absence of serious regulatory restrictions, but they are not always ready for Russian realities. As one of the speakers noted, the president of PayPal said that about a third of fraudulent transactions in this payment system "come from Russia".

Statistics

The publication of statistical data on Russian electronic payments in 2009 was announced as a news item at the press conference. On the graph, the letter "I" stands for Internet transactions, "M" for mobile and "T" for payment terminals. More or less full figures are announced for the first time, although the task of collecting data and bringing them “to a common denominator” turned out to be difficult, plus more than 10% of participants in this market could not be interviewed. Final conclusions in quotes with comments:

“Yandex.Money and WebMoney are still the leaders of the Russian e-money market in the Internet payments category, with a combined share of about 90%. In 2009, the turnover of these companies increased by 40% compared to 2008: Russian users replenished their Internet wallets in these payment systems in the amount of more than 17 billion rubles, and the total number of active accounts exceeded 2.3 million.” Currently, there is an approximate parity between these companies: WebMoney has a larger average amount of account replenishment, Yandex.Money has more users. According to Yevgenia Zavalishina, Director General of Yandex.Money, one of the landmark events of this year should be the possibility of direct money transfer between the wallets of Yandex.Money and WebMoney payment systems.

“The number of users of the electronic money market in the category of “mobile payments” (for goods and services not related to mobile content) in 2009 amounted to more than 15 million people, the volume of payments is about 8 billion rubles. The increase in turnover of companies in this category amounted to about 100%. The largest players in the market are i-Free, A1, Infon, Inkor-media.”

“Another major market participant, the QIWI payment service (QIWI), which combines such categories of the electronic money market as “mobile, terminal and Internet payments”, in 2009 the number of users exceeded 6 million people, and the turnover amounted to more than 11 billion rubles, which is 2.5 times more than the figures for the previous year.” Separate statistics on electronic payments did not record "direct" replenishment of personal accounts with mobile operators, when money is entered only to replenish the balance. The "terminal" segment of the market showed the highest growth rates.

What awaits us in QIWI

Andrey Popkov, QIWI Wallet project manager, shared some details and future news especially for Mobile-Review. Below are the main theses.

The well-known "Personal Account" was renamed to "QIWI Wallet" for ease of perception. The former "Personal Account" is used quite a bit, Mr. Popkov estimates the share of this service in the total turnover at about 10%.

The number of connected providers today is 1482 and this number is growing steadily. The company aggressively introduces new services and strives to encourage users in every possible way. For example, now QIWI is negotiating with Internet providers to provide free access to the QIWI portal for those users whose access to the "big" Internet is blocked due to non-payment.

There are technical problems, but they are being solved. Changed the "engine" and expand communication channels. On the subject of overloads: on holidays, the Web interface was sometimes unavailable for quite long periods of time, but these were precisely the access problems. The system itself functioned, as users of Java applications could verify.

About Java clients and other mobile versions of Wallet. A free app for the iPhone has already appeared in the Apple Store and a similar one for the Android platform is already ready. In general, people underestimate the mobile versions of QIWI clients, but they are really easy to use and useful in situations of “top up your account here and now.”

There are no plans to increase the existing lower threshold for interest-free account replenishment (in Moscow it is 500 rubles). But the very fact of the possibility of replenishing the balance of a mobile phone without commission annoys the owners of the devices. To date, about 30% of payments from the "QIWI Wallet" account for replenishment of the account with mobile operators. Therefore, QIWI seeks to encourage payments from the "Wallet" in favor of other providers, and Mr. Popkov does not rule out the appearance of a commission for replenishing the balance of the phone. Bad news for you and me, you can’t say anything.

In the near future, it is planned to introduce the possibility of paying for cell phone services by personal account number, the phone number can be omitted. An extremely relevant and in-demand service, you can’t argue with that. Our respected operators love to send out postcards to their former clients demanding "immediately pay off the debt on personal account number xxx." Of course, without a phone number.

On the issue of security. Additional measures will be taken and certificates are expected. But only for those who want to use these additional measures, the rest are not going to complicate life. The approach is extremely reasonable and better late than never. I well remember the swearing on the forums in connection with the forced introduction of a separate password for Web access. Yes, and he himself went through a very non-trivial procedure for refusing paid voice notifications about the operations performed. I don’t know how many customers QIWI lost then, but it’s clearly not worth repeating the experiment.

Electronic money movements in Russia

More precisely, the results of 2009 and prospects. As well as other news directly related to our spiritual and financial comfort in the field of electronic payments.

The Association of Electronic Money Market Participants (AEM) was established in the summer of 2009, it unites the largest operators and industrial associations operating in the electronic money segment. The initiators of the creation of the Association were i-free, WebMoney, Yandex.Money, QIWI payment service (QIWI), national industrial associations NAMIR and NAUET. The main goals of the AED activity are the development of the electronic money market as a public financial service in the interests of the population, the state and industry participants. The AED sees the main methods of solving this problem as “the development of legislation, interaction between market participants and market participants with other business entities and government bodies, popularization of services provided on the basis of electronic money, increasing market transparency and developing criteria for best business practice.” The very fact of organizing this non-profit partnership indicates that the electronic money market in Russia is actively developing. And, more importantly, wants to develop legally. As Viktor Dostov, Chairman of the Council of the EMA elegantly put it, “The concept of “electronic money” exists officially, as the market has grown to a situation where it is more profitable for it to be regulated.”

An indirect confirmation of the active development of the electronic payment market in Russia is the arrival of Western payment systems PayPal, MoneyBookers and Ucash. Western payment systems have a significant advantage in the absence of serious regulatory restrictions, but they are not always ready for Russian realities. As one of the speakers noted, the president of PayPal said that about a third of fraudulent transactions in this payment system "come from Russia".

Statistics

The publication of statistical data on Russian electronic payments in 2009 was announced as a news item at the press conference. On the graph, the letter "I" stands for Internet transactions, "M" for mobile and "T" for payment terminals. More or less full figures are announced for the first time, although the task of collecting data and bringing them “to a common denominator” turned out to be difficult, plus more than 10% of participants in this market could not be interviewed. Final conclusions in quotes with comments:

“Yandex.Money and WebMoney are still the leaders of the Russian e-money market in the Internet payments category, with a combined share of about 90%. In 2009, the turnover of these companies increased by 40% compared to 2008: Russian users replenished their Internet wallets in these payment systems in the amount of more than 17 billion rubles, and the total number of active accounts exceeded 2.3 million.” Currently, there is an approximate parity between these companies: WebMoney has a larger average amount of account replenishment, Yandex.Money has more users. According to Yevgenia Zavalishina, Director General of Yandex.Money, one of the landmark events of this year should be the possibility of direct money transfer between the wallets of Yandex.Money and WebMoney payment systems.

“The number of users of the electronic money market in the category of “mobile payments” (for goods and services not related to mobile content) in 2009 amounted to more than 15 million people, the volume of payments is about 8 billion rubles. The increase in the turnover of companies in this category amounted to about 100%. The largest market players are i-Free, A1, Infon, Inkor-media.

“Another major market participant, the QIWI payment service (QIWI), which combines such categories of the electronic money market as “mobile, terminal and Internet payments”, in 2009 the number of users exceeded 6 million people, and the turnover amounted to more than 11 billion rubles, which is 2.5 times more than the figures for the previous year.” Separate statistics on electronic payments did not record "direct" replenishment of personal accounts with mobile operators, when money is entered only to replenish the balance. The "terminal" segment of the market showed the highest growth rates.

What awaits us in QIWI

Andrey Popkov, QIWI Wallet project manager, shared some details and future news especially for Mobile-Review. Below are the main theses.

The well-known "Personal Account" was renamed to "QIWI Wallet" for ease of perception. The former "Personal Account" is used quite a bit, Mr. Popkov estimates the share of this service in the total turnover at about 10%.

The number of connected providers today is 1482 and this number is growing steadily. The company aggressively introduces new services and strives to encourage users in every possible way. For example, now QIWI is negotiating with Internet providers to provide free access to the QIWI portal for those users whose access to the "big" Internet is blocked due to non-payment.

There are technical problems, but they are being solved. Changed the "engine" and expand communication channels. On the subject of overloads: on holidays, the Web interface was sometimes unavailable for quite long periods of time, but these were precisely the access problems. The system itself functioned, as users of Java applications could verify.

About Java clients and other mobile versions of Wallet. A free app for the iPhone has already appeared in the Apple Store and a similar one for the Android platform is already ready. In general, people underestimate the mobile versions of QIWI clients, but they are really easy to use and useful in situations of “top up your account here and now.”

There are no plans to increase the existing lower threshold for interest-free account replenishment (in Moscow it is 500 rubles). But the very fact of the possibility of replenishing the balance of a mobile phone without commission annoys the owners of the devices. To date, about 30% of payments from the "QIWI Wallet" account for replenishment of the account with mobile operators. Therefore, QIWI seeks to encourage payments from the "Wallet" in favor of other providers, and Mr. Popkov does not rule out the appearance of a commission for replenishing the balance of the phone. Bad news for you and me, you can’t say anything.

In the near future, it is planned to introduce the possibility of paying for cell phone services by personal account number, the phone number can be omitted. An extremely relevant and in-demand service, you can’t argue with that. Our respected operators love to send out postcards to their former clients demanding "immediately pay off the debt on personal account number xxx." Of course, without a phone number.

On the issue of security. Additional measures will be taken and certificates are expected. But only for those who want to use these additional measures, the rest are not going to complicate life. The approach is extremely reasonable and better late than never. I well remember the swearing on the forums in connection with the forced introduction of a separate password for Web access. Yes, and he himself went through a very non-trivial procedure for refusing paid voice notifications about the operations performed. I don’t know how many customers QIWI lost then, but it’s clearly not worth repeating the experiment.

Electronic money movements in Russia

More precisely, the results of 2009 and prospects. As well as other news directly related to our spiritual and financial comfort in the field of electronic payments.

The Association of Electronic Money Market Participants (AEM) was established in the summer of 2009, it unites the largest operators and industrial associations operating in the electronic money segment. The initiators of the creation of the Association were i-free, WebMoney, Yandex.Money, QIWI payment service (QIWI), national industrial associations NAMIR and NAUET. The main goals of the AED activity are the development of the electronic money market as a public financial service in the interests of the population, the state and industry participants. The AED sees the main methods of solving this problem as “the development of legislation, interaction between market participants and market participants with other business entities and government bodies, popularization of services provided on the basis of electronic money, increasing market transparency and developing criteria for best business practice.” The very fact of organizing this non-profit partnership indicates that the electronic money market in Russia is actively developing. And, more importantly, wants to develop legally. As Viktor Dostov, Chairman of the Council of the EMA elegantly put it, “The concept of “electronic money” exists officially, as the market has grown to a situation where it is more profitable for it to be regulated.”

Regulated, but not over-regulated, as is often the case with us. Although the state, for its part, should be very interested in the development of this segment of the financial market. Although electronic payments are virtual, from the point of view of tracking cash flows and identifying the payer / recipient, they are much more material than impersonal bundles of banknotes. According to Viktor Dostov, “An important event for the electronic money market was the adoption of Federal Laws No. 103 and No. 120 (“On the activity of accepting payments from individuals carried out by payment agents” and “On amendments to certain legislative acts of the Russian Federation in connection with the adoption Federal Law "On the activity of accepting payments from individuals carried out by payment agents"). These laws have had a great impact on the market as a whole, as they are the first Russian legislative acts that introduce and specifically regulate the concept of retail payment, including electronic. Thanks to them, making payments for amounts up to 15,000 rubles was greatly simplified.

An indirect confirmation of the active development of the electronic payment market in Russia is the arrival of Western payment systems PayPal, MoneyBookers and Ucash. Western payment systems have a significant advantage in the absence of serious regulatory restrictions, but they are not always ready for Russian realities. As one of the speakers noted, the president of PayPal said that about a third of fraudulent transactions in this payment system "come from Russia".

Statistics

The publication of statistical data on Russian electronic payments in 2009 was announced as a news item at the press conference. On the graph, the letter "I" stands for Internet transactions, "M" for mobile and "T" for payment terminals. More or less full figures are announced for the first time, although the task of collecting data and bringing them “to a common denominator” turned out to be difficult, plus more than 10% of participants in this market could not be interviewed. Final conclusions in quotes with comments:

“Yandex.Money and WebMoney are still the leaders of the Russian e-money market in the Internet payments category, with a combined share of about 90%. In 2009, the turnover of these companies increased by 40% compared to 2008: Russian users replenished their Internet wallets in these payment systems in the amount of more than 17 billion rubles, and the total number of active accounts exceeded 2.3 million.” Currently, there is an approximate parity between these companies: WebMoney has a larger average amount of account replenishment, Yandex.Money has more users. According to Yevgenia Zavalishina, Director General of Yandex.Money, one of the landmark events of this year should be the possibility of direct money transfer between the wallets of Yandex.Money and WebMoney payment systems.

“The number of users of the electronic money market in the category of “mobile payments” (for goods and services not related to mobile content) in 2009 amounted to more than 15 million people, the volume of payments is about 8 billion rubles. The increase in turnover of companies in this category amounted to about 100%. The largest players in the market are i-Free, A1, Infon, Inkor-media.”

“Another major market participant, the QIWI payment service (QIWI), which combines such categories of the electronic money market as “mobile, terminal and Internet payments”, in 2009 the number of users exceeded 6 million people, and the turnover amounted to more than 11 billion rubles, which is 2.5 times more than the figures for the previous year.” Separate statistics on electronic payments did not record "direct" replenishment of personal accounts with mobile operators, when money is entered only to replenish the balance. The "terminal" segment of the market showed the highest growth rates.

What awaits us in QIWI

Andrey Popkov, QIWI Wallet project manager, shared some details and future news especially for Mobile-Review. Below are the main theses.

The well-known "Personal Account" was renamed to "QIWI Wallet" for ease of perception. The former "Personal Account" is used quite a bit, Mr. Popkov estimates the share of this service in the total turnover at about 10%.

The number of connected providers today is 1482 and this number is growing steadily. The company aggressively introduces new services and strives to encourage users in every possible way. For example, now QIWI is negotiating with Internet providers to provide free access to the QIWI portal for those users whose access to the "big" Internet is blocked due to non-payment.

There are technical problems, but they are being solved. Changed the "engine" and expand communication channels. On the subject of overloads: on holidays, the Web interface was sometimes unavailable for quite long periods of time, but these were precisely the access problems. The system itself functioned, as users of Java applications could verify.

About Java clients and other mobile versions of Wallet. A free application for the iPhone has already appeared in the Apple Store and a similar one for the Android platform is already ready. In general, people underestimate the mobile versions of QIWI clients, but they are really easy to use and useful in situations of “top up your account here and now.”