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Local and Alternative Payment Methods in Russia
Population
144,200,000
Currency
Russian Ruble
The Russian Federation, with over 144 million people, is a major e-commerce market. The currency is the Russian Ruble (RUB), and the main language is Russian.
The e-commerce and online payment sectors are expanding rapidly. For online merchants, using local payment methods is crucial to boosting sales. Familiar payment options make customers more likely to complete purchases, reducing cart abandonment, building trust, and enhancing security.
Benefits of Local Payment Methods:
- Increase sales
- Reduce cart abandonment
- Enhance customer satisfaction
- Build customer loyalty
- Gain trust and stand out in the market
Offering local payment options connects you with millions of potential customers in the Russian Federation and drives growth.
Russia
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