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A quick Google search indicates that Yandex has its own payment system: https://yoomoney.ru/?lang=en https://yoomoney.ru/?lang=en probably not equivalent to App
by exhilaration 5y ago
A quick Google search indicates that Yandex has its own payment system: https://yoomoney.ru/?lang=en https://yoomoney.ru/?lang=en probably not equivalent to Apple Pay but it's something.
This is probably a great opportunity for Russian and Chinese tech companies to gain market share as western companies are banned from operating in Russia.
- persedes 5y agoAgreed, I was surprised how wide spread electronic payments were so there will be a big market up for grabs. Doing some quick googling, russia seems to be among the countries with the largest percentages of cashless transactions (~80%). What's interesting about his explanation was that the main motivation for people was trust, if I recall some places wouldn't even let you pay with cash because they did not trust it.
- contingencies 5y agoChinese mobile payment is all based on total knowledge of your identity and constant super-app supervision of your life. You can't separate it from messaging, government services, ID/passport and phone number, etc. I doubt very much that the Russians, governing from an ex-FSB mentality, would allow that type of Chinese 'tech' to operate.