What happened to Yandex.Money over the past 5 years?

Yandex.Money is a well-known and popular payment system, which is one of the services of the well-known company Yandex. The emergence of a new payment system dates back to 2002, but over 14 years of operation, the company not only expanded its functionality, but also changed its policy in many ways. What happened to Yandex.Money in recent years? What innovations have become available to users? What are the latest changes in Yandex.Money worth knowing about? Lets consider these issues in more detail.

What is the essence of the system?

Many consider Yandex.Money to be a bank. But this is not the case. Having become part of the system, the client receives only impersonal obligations, that is, an electronic analogue of cash. The funds that circulate in the system are backed by real money, which is in accounts with banking institutions - Sberbank , VTB 24 , Alfa-Bank and others.

The advantages of the system are simplicity and ease of use. A certain disadvantage is the fact that Yandex.Money is available only for citizens of the Russian Federation, and only rubles can participate in transactions. The registration process does not require money, but before starting the procedures, it is worth making a decision regarding an interface suitable for operation. Gradual changes in Yandex.Money led to the emergence of two options:

• Web interface. You will have to register here. All transactions are conducted through the browser. If you have an e-mail in the system, you should activate the wallet, that is, come up with a password for payments and enter personal information for identification;
• Internet wallet. A special program is downloaded on the PC, with the help of which access to money is provided.

Among the recent changes, it is worth highlighting the need for identification in the system. Private users are limited in their actions. So, without passing the identification, it is allowed to transfer no more than 15 thousand rubles per day. In addition, the passage of identification simplifies access to the wallet in case of loss or theft of the password - it will be enough to present personal documents. Identification is allowed in several ways - through the companys office, by sending an application by mail, using Contact , via Euroset, by linking to a bank account, and so on.

An important plus is the convenient deposit and withdrawal of money. So, replenishment of the wallet is possible using prepaid cards issued by the system, using a bank card, through the exchange of electronic currencies (through exchangers in the network), using payment and transaction systems, cash, and so on. There are no problems with currency withdrawal. Funds are allowed to be withdrawn to a bank card, to an individuals account or to receive money in cash. Each of the options has its own conditions, limits and commission payments.

Many are wondering what happened to Yandex.Money from a security standpoint. According to many experts, here the developers managed to achieve many changes for the better. Access to funds is possible through a secure SSL connection. In addition, the system uses a hash function and a special RSA security algorithm. Messages that pass inside the system are subject to encryption and signature. The only risk factor that remains is human inattention and inability to protect a personal computer from outside interference.

What happened to Yandex.Money over the past 5 years?

If we consider the most significant changes in Yandex.Money over the past five years, then it is worth highlighting:

1. In 2011, an app was launched for users. With his help, the possibility of collecting money for any purpose, from charity to travel to the countryside, became available. The name of the application is typical of its essence - “Collect money”. If we consider the latest changes in Yandex.Money, it is also worth highlighting the simplification of forms for sending funds in the system.

In the same year, the system began to accept payments for trips from public transport. This option became available to residents of St. Petersburg, who received a new type of travel ticket.

1. 2012 will be remembered for the following changes:

• More than 60 Internet providers began to accept Yandex.Money for payment.
• Now you can withdraw money from the payment system to bank cards. In this case, funds can be sent both to the personal and to the bank card of another user.
• A new form for accepting payments has been developed, which made life easier for webmasters who own one or more sites.
• Demand payments have opened. Users have a chance to transfer funds directly to their phone number. At the same time, the number itself could be linked to the account.
• The issuance of bank cards within the system has started. Now Yandex.Money users have access to “internal” cards that simplify the use of money in regular stores and on the Internet.
• Now you can transfer funds to the accounts of banking institutions in 42 countries.
• Yandex and Sberbank announced the start of strategic cooperation and the creation of a new enterprise. The task is to combine modern Internet technologies and the banking system.

1. Many interesting events also happened in 2013. This is how the payment system appeared on the iPad, and replenishment of the account from bank cards became available. The next step was the emergence of the possibility of withdrawing and replenishing funds through PrivatBank. For many users, such changes in Yandex.Money came as a pleasant surprise. In the same year, identification in Euroset was opened, sales of additional space on Yandex.Disk started, and the commission for replenishing an account through Svyaznoy stores was canceled.
2. 2014 was also marked by significant events. What happened to Yandex.Money this year? There were changes in the work for private network users (there were limits on transfers without identification and restrictions on the functionality of the system), mobile air payments were launched, and the sale of readers began, opening up new opportunities for accepting funds from bank payment cards. In addition, in 2104, a new type of payment confirmation appeared - through a one-time password generated using an application in a mobile phone.

What happened to Yandex.Money over the past year?

Finally, it is worth considering the latest changes in Yandex.Money that have occurred over the past year and a half. The following innovations are worth highlighting here:

• The ability to check taxes through the payment system and pay off debts to bailiffs.
• Assistance in making transfers through Western Union around the world.
• The emergence of automatic payments in the presence of a loan.
• The ability to make payments for goods or services on credit.
• The appearance of protection in Yandex Browser for online payments.
• The ability to identify the owner of the wallet via SMS.
• Launch of the Yandex.Money application for the "tenth" Windows.

As you can see, the payment system is constantly evolving. There is confidence that the developers will not stop there, and will pleasantly surprise them in the future.