1. GlobeBill Provide Merchants With Convenience to Entering Russia Market
Just like other countries, Russia and many countries
have many local online payment companies. The
enormous influence of these companies decreased the
influence of PayPal and other international credit card.
During this process, the Russian consumer payment
habits finally developed and formed. Electricity
suppliers in many countries like china have to face with
the online payment obstacle when starting their career
in Russia. Russia has one of the world’s largest online
populations and its under-saturated e-commerce market is growing rapidly.
Mr. Sit is the person in charge of a Russian foreign trade electricity supplier in the
view of Russian foreign trade market; he has his own unique vision. "if not consider
Russia has joined the WTO, Russia and China's increasingly close economic will be
able to move more and more power are e-commerce market in China can be described
as life and death situation, a Red Sea, why not foray into the Russian piece of blue
ocean? Just hovering outside the Russian market because of the reasons of the
receivables is not my style; of course, I am also suffering from the adverse factors. "
Russia's previous e-commerce does not place great emphasis on e-commerce, which
leads to a unprosperous market in electronic commerce. However, Russian customers
can only open accounts through American bank accounts, which require proof of local
residence or a social security number. And in recent years, the Russian government
has begun to pay attention in the development of national e-commerce market. Russia
won the first name of the G20 countries is a best example to show this. Mr. Sit said:
“the local electric provider in Russia is growing, the annexation often happens. I
deeply appreciate the input also increased in order to maintain the market stability.”
The situation is that Foreign merchants often have inexpensive but high quality
products and language problems is not a big question , but in the aspects of payment,
they often felt at loss.
However, all these frustrations have become a thing of the past. To solve this problem,
GlobeBill (www.globebill.com) is launching a payment solution with Russia's largest
local online payment Webmoney. The payment gateway will be able to provide both
Russia and Asia merchant a professional payment solution in Russian local business.