İşbank Partners with Yandex.Checkout
İşbank, signed an agreement with Russia’s leading payment service provider Yandex.Checkout.
İşbank’s recent cooperation with Russian national card scheme MIR which had been announced last month, has contributed Turkey and Russia’s trade volumes by making Turkish enterprises reach Russian consumers easily.
İşbank the leading acquiring bank in e-commerce both in terms of domestic and cross border transaction volumes accepts Visa, Mastercard, Amex, UnionPay, JCB card brands and 34 different local payment methods which are used at more than 50 countries. Thanks to the latest cooperation with Yandex.Checkout, İşbank recently started to accept payments via Sberbank Online, Alfabank and Yandex.Money e-wallets and thus reach 92 million Sberbank and 16.1 Alfabank clients, as well as 46 million Yandex Money users.
Sezen: “We help Turkish merchants reach Russian consumers”
İşbank’s Deputy CEO Yalçın Sezen comments: “We put a special emphasis on physical and e-commerce cross border transactions. We enrich our payment gateway by adding new methods. To improve trade relations between Russia and Turkey we have done our part by making cooperation with Yandex.Checkout. In this way, we have facilitated the collections of our airlines, tourism agencies and online retailers. We are going to increase variety of our products and services and going to support our merchants who are targeting different geographies.”
Ivan Glazаchev, CEO at Yandex.Money, says: “The partnership with İşbank is a big step forward for Yandex.Checkout. It’s important for us to provide Russian customers with the opportunity to pay for purchases in a convenient and safe manner on Turkish e-commerce platforms and online stores. Such partnership enables numerous Turkish merchants to reach millions of local buyers in the context of high demand on good and services of foreign sellers.”
Yandex.Checkout is the leading service for accepting online payments in Russia, according to a 2018 survey by MARC. With this payment solution, merchants from all over the world can offer Russian consumers the online payment methods most popular among Russians and CIS-citizens: bank cards, e-wallets, mobile phones, and cash via mobile retailers and payment kiosks (there are over 250 thousand cash-acceptance points all over CIS). Yandex.Checkout received the Best Payment Service Provider Award in 2019 and the Emerging Payment Award in 2017 at the Merchant Payments Ecosystem conference (Berlin). Currently, more than 106,000 online stores across the globe use Yandex.Checkout.
Yandex.Checkout was launched by Yandex.Money in 2013. Yandex.Money is the joint venture of search engine Yandex (NASDAQ: YNDX), and Sberbank, the largest bank in Russia.