The president of Russian Railways, Oleg Belozerov, and the CEO of Russian Post, Dmitry Strashnov, have signed an agreement for the rail transport of mail and small parcels between China and Europe. The project should help reduce the time parcels are on its way, while also reducing transport costs for online retailers.
Consumers in Russia are buying more online. During the first half of this year, the total amount of online payments grew by 12 percent, while the number of transactions increased by 27 percent, compared to the second half of 2015.
The ecommerce industry in Moscow was worth 174.8 billion Russian rubles, at the moment worth 2.4 billion euros, during the first half year of 2016. This is an increase of 13.4 percent compared to the same period last year. At the end of this half year, Moscow had more than 20,000 online outlets, an increase of 7 percent.
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).
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.
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.
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.