Yandex, N. V. (YNDX)

[johnsyn]

Yandex.Money Launches Bill-Paying Service

Internet, December 12, 2013. Yandex.Money has released a new service for paying bills over the internet. Called Gorodskiye Platezhi – literally “City Payments” – it allows any user to pay their bills online, quickly and at any time, without even having to register on the site.

More than 30,000 Russian service providers are included. For each region, the most popular service providers are featured on the main page, while the others can be easily found by searching for the name or tax identification number. Wherever a user is located, they can take advantage of the service to pay bills for domestic and mobile phones, internet, utilities and many other services – even kindergartens and parking garages. Payments are commission-free for internet, TV and both domestic and mobile telephony, while payments for utilities and other services will be charged 1%-2%. Traffic fines are the only exception, carrying a flat 30-ruble commission.

The full version of the press release is available at: http://company.yandex.com/press_center/press_releases/2013/2013-12-12.xml