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The stability russia market has given a decisive boost for the electronic business merchants from globe bill

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  • 1. The stability Russia market has given a decisive boost for the electronic businessmerchants- from GlobeBill A range of international organizations released new GDP forecasts for Russia in 2012. The IMF reduced its prediction for Russian growth in 2012 from 4.1% to 3.3% while the World Bank lowered their 2012 economic growth forecast for Russia to 3.5% from 4.2%. The European Bank for Reconstruction and Development (EBRD) however, kept its forecast for Russia in 2012 unchanged at 4.2% despite lowering its predictions for several Eastern European countries.However; the data announced by Rosstat shows that regardless of the internationaleconomic recession, the Russian economy grew by 4.3% in 2011.The stability Russia market has given a decisive boost for the electronic businessmerchants in china. They have the advantage of high quality and cheap goods but stillfeel at loss when facing the potential Russia market. As the e-commerce has becomethe main stream, the conception of time and space has been largely vague. However,any investors who want to take up the clothing market will have to make no less effort.Besides, how to seek profits in the strange foreign country is a big question and howto solve the question of cash transaction is one of the priorities.Among the obstacles lay ahead, the payment gateway solution in one of the biggestones. By establishing a local payment gateway in Russia; GlobeBill(www.globebill.com) can effectively help the foreign investments solve the problemsof operating difficulty. As a representative of GlobeBill, Lin said that the number ofChinese third-party payment companies involving in Russian Foreign Tradereceivables were very limited which has caused a lot of obstacles when foreign powerwant to enter the Russian market. To solve this problem, GlobeBill will launch apayment solution in Russians largest local online payment Boleto in mid-May. Thepayment gateway will be able to provide both Brazilian and Asia merchant aprofessional payment solution in Russian local business.

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