Seen the golden opportunity, globe bill provides gateway for entering russia

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Seen the golden opportunity, globe bill provides gateway for entering russia

  1. 1. Seen the Golden Opportunity, GlobeBill Provides Gateway for Entering Russia Payment service providers are marching into Russian market for its ecommerce is developing in a high speed. Because of the 2011 global economic crisis, foreign trade market growth has been slowed down. However, after the decadence of economy, the momentum of Russia ecommerce is still irresistible. Statistics from the Russian Ministry of Economic Development shows that in the first quarter of this year, Russias total imports and exports up to U.S. $ 281.7 billion. Imports grow upto 100.1 billion, an increase of 8.6%.Russia is undergoing a period of rapid development of e-commerce. Along with thenetwork is becoming increasingly popular in Russia, more and more Russians whohave the access to network have become loyal Internet users, exposure to onlineshopping, purchase advocates into a loyal network. In 2011, Russias net share of totaltransactions exceeded 270 billion rubles, an increase of 12.5%. In 2012, Russiabecame the e-commerce is the fastest growing countries in the G2O countries. InRussia, the local electric provider is actively layout of the market; traditional retailersbegan to shift to e-commerce. Russias largest retailer of household appliances andelectronic products M.VIDEO is a good example. From its own projected to 2015, thetotal turnover of 25% will be done through e-commerce.Foreign trade electricity is out to avoid the risk of a single market has well foreseenthe bright future of Russian foreign trade e-commerce market, and began to expandinto the Russian market. GlobeBill (www.globebill.com) has been aware of thismarket demand, has recently launched Russian foreign payment gateway. Foreigntrade power will be able to deal with the problems on the Russian receivables throughthis solution easily, providing consumers QIWI, Webmoney or bank transfer paymentmethod, to allow consumers to check out easily. It is understood that the Russiane-commerce market share in 2011 has accounted for approximately 4.3% of the totalretail market share.

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