Latest in Payments

Image credit:

Yandex introduces Twym online payment system for Twitter-based transfers


Russia's Yandex has been in the online payment business for more than a decade now with its Yandex.Money service, but it's branching out into some slightly more uncharted territory with its latest addition. Dubbed Twym, the company's new service will let folks send actual rubles to other Twitter users with nothing more than a tweet like the one above. Before that transfer takes place, though, both the sender and receiver of the money will need to link their Twitter and Yandex.Money accounts, and there are expectedly some limits on the amounts that can be transfered. 100,000 rubles (or roughly $3,300) is the maximum limit allowed by Yandex, but that can be changed by each user. You can also thankfully keep things private via direct message if you'd rather not broadcast your money transfers to all your followers.

From around the web

ear iconeye icontext filevr