1. GlobeBill Opened Payment Gateway for Russian Market
Russia as an emerging market and one of the five BRIC
countries with the highest per capital income, the new
Members of the WTO, its market position has become
increasingly prominent. The shrinking of the traditional
U.S. and European markets, Russia is increasingly
attracting the electric merchant to invest for profitable
market. What’s worth your concern is that foreign trade
electricity is to consider many factors before entering
the Russian market, i.e. independent brand, a certain
cultural connotation and your receivable channels?
Some Chinese business man has already started to consider this serious question in
advance. For most businessmen, the priority for them is to find a payment gateway
which is secured, not stupendously bureaucratic to setup, and also mildly priced.
PayPal is not the most popular payment solution in Russia as there are many local
payment solutions like Webmoney which has taken up the largest market and adapted
to customers habits. To some extent, payment inconvenience has largely withdraw the
footstep of some longsighted businessman .As a representative of GlobeBill
(www.globebill.com), Lin said that the number of Chinese third-party payment
companies involving in Russian Foreign Trade receivables were very limited which
has caused a lot of obstacles when foreign power want to enter the Russian market.
To meet the need of vast market, GlobeBill worked in partnership with the Webmoney
and has officially innovated a Russian local payment gateway. By establishing a local
payment gateway in Russia; GlobeBill can effectively help the foreign investments
solve the problems of operating difficulty. As a representative of GlobeBill, Lin said
that the number of Chinese third-party payment companies involving in Russian
Foreign Trade receivables were very limited which has caused a lot of obstacles when
foreign power want to enter the Russian market. The payment gateway will be able to
provide both Russian and Chinese merchants a professional payment solution in
Russian local business.