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The 100 biggest online stores in Russia

The 100 biggest online stores in Russia

Data Insight and Ruward published the top 100 of biggest online stores in Russia. Number one on the list is Ulmart, with a turnover of almost 510 million euros. The top three is completed by Wildberries (€443 million) and Citilink (€344 million). Continue reading

Russian PSP Assist enables online payments by MIR cards

MIR cards

Assist Group, a major online payment service provider in Russia, provides online stores with the ability to process MIR cards, the national payment card system in Russia. Some of the acquiring banks are already connected, the rest is at the stage of testing and integration. Continue reading

Ecommerce in Russia shows decreased growth rate

Ecommerce in Russia growth

The ecommerce growth rate in Russia has decreased significantly in 2015, although the number of online shoppers is growing steadily. In 2014, the B2C ecommerce industry in Russia increased by 31 percent, but the growth rate was just 6.6 percent in 2015. Continue reading

What you need to know when entering the Russian market

Ecommerce in Russia

In April, performance-marketing agency Artics Internet Solutions gave a presentation during the forum RIF+KIB 2016. It was about marketing in the cross-border segment. CEO Alexander Simanovsky talked about the specific nature of the Russian market, as well as the things that are most important to consider when launching a product on the Russian market. Continue reading

Cross-border ecommerce in Russia is booming

The domestic ecommerce market in Russia increased from 560 billion rubles in 2014 to 650 rubles last year. It now accounts to 2 percent of the total retail industry in Russia, so there is still great growth potential. And while the domestic market is slowing down, cross-border purchases continue to grow rapidly. Continue reading

Europe sees rise of mobile payments

Mobile payments in Europe

In Europe, more and more consumers like to pay using their smartphone or tablet. In share of mobile device owners who already have experience with mobile payments, Turkey is the absolute leader in Europe. This is apparent from the latest report by yStats.com, called “Europe Online Payment Methods: First Half 2015”. Continue reading

Russian online retailer Ozon will host European merchants

Ozon.ru

Ozon, the popular online retailer from Russia, will begin hosting merchants from both Europe and China. The ecommerce company wants to dive deeper into the booming cross-border trade. If the first steps into this market happen to be a success, Ozon will expand and invest more. Continue reading

KupiVIP launches its own Cyber Monday

KupiVIP.ru, one of Russia’s largest online retailers, announced its own one-day sale. Today it’s “Shock Sale” and the main purpose is to beat the sales records and to attract the maximum number of users to its website in 24 hours. Continue reading

Why Russia will become Europe’s no 1 in ecommerce

Russia

Ecommerce in Europe is mainly being dominated by the United Kingdom, France and Germany, but this may be about to change. Today, Russia is still not that prominent in terms of ecommerce, but it’s just a matter of time before Russia will dominate the European ecommerce sector. Continue reading

KupiVIP.ru’s turnover increased by 44% in Q4 2014

KupiVIP.ru

Things are going well for KupiVIP.ru. The online shopping club from Russia changed a lot at its website and company, but it has paid off. It began to break-even in earnings before interest, taxes, depreciation, and amortization and it closed last year with a revenue in the fourth quarter that has increased by 44% compared with the same period in 2013. Continue reading