Key Data

• Trading Name:YooMoney (branded as ЮMoney)
• Legal Entity: NBCO LLC
• Activities: electronic payment service
• Location: Russia
• Regulations: License of the Bank of Russia No. 3510-K

YooMoney (branded as ЮMoney), formerly known as Yandex.Money is Russia’s second-largest electronic payment service after “Sberbank Online.” State-owned Sberbank is the owner of YooMoney, which offers its services to individuals and merchants.

The company’s headquarters are in Moscow, Russia. It has branch offices in Saint Petersburg and Nizhny Novgorod. Since March 2017, Ivan Glazachev is the YooMoney CEO.

Offering

As a FaaS (fintech-as-a-service) company YooMoney offers its merchants various solutions for sales growth and customer retention rate increase: solutions for marketplaces, B2B-payments, services for self-employed, buy-now-pay-later option, loyalty programs and opportunity to build a white-label solution.

Branches

Conclusion

Due to the sanctions imposed by the Western Allies as a response to Russia’s invasion of Ukraine, we place YooMoney on our “Orange Compliance” list.