YooMoney is the leading payment service provider in Russia, according to a 2021 survey by RBC. 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. Currently, more than 160K online stores across the globe use YooMoney. Also YooMoney runs the most popular e-wallet in Russia. YooMoney was launched in 2013 and now is a part of Sber ecosystem, powered by the largest bank in Russia.
A PayFac is a company that simplifies the payment process for sub-merchants by providing a unified platform. They act as a middleman between the sub-merchant and the acquiring #bank and handle all the necessary compliance and underwriting processes.
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