PayOnline

PayOnline — one of payment service providers in Russia. The processing center is certified and accredited in Visa and MasterCard, has the international certificate PCI DSS.

PayOnline provides services of Internet acquiring in the territory of the Russian Federation, in the European Union countries and Asia, cooperates with the largest Banks of Russia and Europe. Processing is performed on the basis of own technical solutions which successfully function in the USA and Europe is more than 10 years old, and since 2008 – in Russia. In 2009 the scoring system of monitoring and fight against fraudulent transactions won the competition of the innovation projects in the scientific and technical sphere held with the assistance of Microsoft company.

About PayOnline electronic payment system: PayOnline provides payment acceptance on the websites and in applications on bank cards: Visa Visa Electron MasterCard Maestro, and via popular e-wallets: WebMoney, QIWI Purse Yandex.Money. More than three thousand enterprises use payment solutions for different types of Internet business (startups, large business, tourism, game online, social services, financial services, housing and public utilities, a mobile commerce). Modern technologies, the high level of conversion, individual approach, the unique system of protection against swindlers, certificates of international payment systems and safe service of Internet acquiring in partnership with the largest Russian banks – all this PayOnline.

Services of PayOnline are certified at the international level according to standards of security of PCI DSS of 1 level, it means that the user of the PayOnline platform gets access to the flexible payment system which underwent independent testing of compliance to the royal PCI standards.

According to the researches McKinsey & Company, the market of e-commerce for the last year grew more than by 22%. Activity of the company also covers the markets of the CIS countries, Europe and Asia. According to a research of the amount of the market of 2014 from McKinsey Global Payments Map, PayOnline covers up to 30% of the market of online payments and 5% of international market in general. Besides, in the report of The Paypers company devoted to a research of the international e-commerce, PayOnline is mentioned as service provider in Russia. PayOnline is certified and accredited by Visa and MasterCard and also is a partner of MasterPass (the e-wallet of MasterCard) in Russia. In the same research McKinsey & Company Russia is called the sixth in the list of the largest payment markets in the world, McKinsey covering up to $50 billion also notes that card issue grows for 30% annually, and more than 43% of the population of Russia are Internet users.

History

2016

Office in Almaty

With growth of volume of transactions, the management of PayOnline made the decision on start of own office in the largest country of the region – Kazakhstan. In August the office got to work in the city of Almaty. Other representative offices work in Moscow and Yekaterinburg, and abroad - in the USA and the Czech Republic.

The Raund bank became PayOnline partner bank

The Raund bank became the fourth Russian partner bank PayOnline, having kept VTB 24 company, to Raiffeisenbank and Absolute of Bank. Within new partnership of PayOnline accelerated connection of payment acceptance up to three days. Besides, possibilities of direct agreements provided to clients attractive financial conditions. Based on the mutual assessment of technological capabilities which is carried out by spring of 2016 of IT specialists of PayOnline and Raund bank, the companies signed the cooperation agreement and in June, 2016 started connection of the first clients.

2015

In Kazakhstan

In the spring of 2015 technical integration of PayOnline with one of the leading banks of Central Asia – Kazkommertsbank was complete. Partnership with Kazkommertsbank allowed PayOnline to process online payments in all countries of presence of bank - Kazakhstan, Kyrgyzstan and Tajikistan. The high demand of a payment service of PayOnline in Central Asia was provided with its complete adaptation under region customer needs – support of principal currencies (tenge, som is implemented and somoni) on payment acceptance and payments, are developed gateways with partner banks of Kazkommertsbank, support of payment technologies for the enterprises of e-commerce of different fields of activity (retail, tourism, a mobile commerce) is implemented.

In 2015 the size of the market of e-commerce in Kazakhstan exceeded 11 billion dollars – and should grow by a quarter in 2016. Such high growth rates promise to remain in the next years. Considering that the e-commerce share in the total amount of retail in Kazakhstan makes a little more than 1%, this market has the enormous potential of growth.

Net Element purchases PayOnline

Net Element, the participant of the industry of mobile payments and transaction technologies with added value, announced in March, 2015 agreement signature between TOT Group Europe subsidiary company and PayOnline company. On the reached agreements Net Element purchases and undertakes PayOnine company management, the Russian leader of the sphere of processing of electronic payments and payment solutions.

The total cost of the transaction will be up to $8.4 million. The closing transaction of the transaction made $3.6 million cash and stocks of the company for the total amount of $3.6 million. The possibility of payments for results of profitability of the company at the rate to $1.2 million is in addition considered by cash and actions.

Own integrated PayOnline platform for payment solutions offers a number of innovations, such as transfers card2card and a Split payments which will be added to a portfolio of the services offered Net Element in international market.

Among advantages of the concluded bargain of Net Element notes direct agreements of PayOnline with seven banks in Europe and five in the CIS countries that will allow the company to process electronic transactions of foreign merchants.

Upon completion of the transaction of Net Element plans cross-sellings and monetization of the relations of the company with merchants and resellers, implementation of technologies and services in some markets in the CIS countries and integration of the innovative technical solutions of PayOnline with Unified Payments in the USA.

Participation of Social Discovery Ventures in capital stock of Net Element. Holding, including such popular social projects as Shazam, Anastasia Date, Plenty of Fish will become a part of this transaction, will become the shareholder and the client of Net Element. Both companies aim at the maximum interaction of the ventures worldwide.