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YooMoney

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YooMoney

YooMoney branded as ЮMoney, (formerly Yandex.Money) is an e-commerce payment system. It is 100% owned by Sberbank and operates in Russia and nearby countries.

The company's headquarters are in Moscow. It has branch offices in Saint Petersburg and Nizhny Novgorod.

The service was launched in 2002 as Yandex.Money (Russian: Яндекс.Деньги) by Yandex via a partnership with PayCash formed in 2000.

In March 2007, Yandex acquired full ownership of the service.

In March 2011, the service expanded to Ukraine, Belarus, and Kazakhstan.

Beginning in February 2012, users were able to transfer money to Visa or Mastercard accounts.

Also in February 2012, Yandex.Money became the preferred payment method in the Opera Mobile Store.

In April 2012, Yandex Money began issuing debit cards on the Mastercard network.

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