The Yandex.Money App Lets Users Pay for Services With a One-Time Registration
Laura McQuarrie — April 21, 2016 — Tech
References: play.google & nfcworld
Yandex.Money is a mobile payment app that simplifies the process of paying for smartphone, Internet and utility services. Rather than registering for each of these individual services, Yandex.Money's app only asks users to complete a one-time registration for its own service.
One of the newest features on the Yandex.Money Android app is the ability for users to make NFC payments. This means that a virtual credit card will be issued to an account in order to make it possible for users to pay by tapping on conctactless terminals.
On this app, users can pay to support a membership to their favorite online games, purchase tickets for public transportation and even send money to other users with ease. While a balance must be loaded to the app, users have the option to locate places where they can reload nearby or link a credit card to the account in order to make direct payments.
One of the newest features on the Yandex.Money Android app is the ability for users to make NFC payments. This means that a virtual credit card will be issued to an account in order to make it possible for users to pay by tapping on conctactless terminals.
On this app, users can pay to support a membership to their favorite online games, purchase tickets for public transportation and even send money to other users with ease. While a balance must be loaded to the app, users have the option to locate places where they can reload nearby or link a credit card to the account in order to make direct payments.
Trend Themes
1. NFC Payments - The use of virtual credit cards for contactless payments presents an opportunity for companies to facilitate faster, easier transactions.
2. Mobile Payments - The rise of mobile payment apps like Yandex.Money is disrupting the traditional payment industry.
3. One-time Registration - The one-time registration feature on Yandex.Money's app streamlines the payment process and reduces the need for multiple registrations.
Industry Implications
1. Financial Technology - The use of mobile payments and virtual credit cards has the potential to disrupt traditional banking and financial industries.
2. Gaming - Yandex.Money's app offers the ability to support a membership to online games, making it attractive to the gaming industry.
3. Transportation - The app's ability to purchase tickets for public transportation presents a disruptive innovation opportunity in the transportation industry.
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