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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 onlinepopulations 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 theview of Russian foreign trade market; he has his own unique vision. "if not considerRussia has joined the WTO, Russia and Chinas increasingly close economic will beable to move more and more power are e-commerce market in China can be describedas life and death situation, a Red Sea, why not foray into the Russian piece of blueocean? Just hovering outside the Russian market because of the reasons of thereceivables is not my style; of course, I am also suffering from the adverse factors. "Russias previous e-commerce does not place great emphasis on e-commerce, whichleads to a unprosperous market in electronic commerce. However, Russian customerscan only open accounts through American bank accounts, which require proof of localresidence or a social security number. And in recent years, the Russian governmenthas begun to pay attention in the development of national e-commerce market. Russiawon 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. Ideeply appreciate the input also increased in order to maintain the market stability.”The situation is that Foreign merchants often have inexpensive but high qualityproducts 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 Russias largestlocal online payment Webmoney. The payment gateway will be able to provide bothRussia and Asia merchant a professional payment solution in Russian local business.