Where did e-wallets

The first e-wallets appeared in the world in the late 90-ies of the last century. The Internet has begun to “enter every house” in the West. It became clear that the network is a place for communication and learning, but also for Commerce. However, the banking sector was not ready to accept online payments and quick transfers between people.

There are companies that have decided to still meet the emerging need for online payments. Of those who then entered the market of e-wallets, the most famous in our days became the PayPal service. The company was established in 1998, in 2002 became part of eBay, and her purse has become the main method of payment at the auction.

In Russia in those years the Internet was not as high as in the United States. But in our country Internet entrepreneurs had the understanding that users will need payment tools online. So in 2002 appeared the service “Yandex. Money”, which has already registered more than 46 million wallets.

Why use e-wallets today

EWallet helps you to securely pay for online purchases, to send and receive translations without referring to the other party with your personal data. The user does not need to say which Bank he has an account, give your card number or dictate a phone number. This is useful, for example, if a person is selling A old sofa and wants to become acquainted with the seller.

Purses are also indispensible if you want to organize a public fundraising — for example, to charity or to Finance the project (financing of political projects and election campaigns is not one of them — now in the law for this you need a Bank account). Instead of write “to Bank X so the recipient of the Taras Anatolievich A.” you can just put a link to the payment form.

Anyone can go to this link and send money from the electronic purse or Bank card — this ensures that the money will go where intended, and the sender will not be held hostage to one incorrect digits (which is important so as to cancel the operation of a private money transfer in Russia is impossible).

In addition to online translation, Russian popular purses today partially replace user and the Bank: mobile application wallets have all the functionality of the best banking, from payment of utility services to investment, and if you want this app you can even produce a map with kasbekar.

On the one hand, e-wallets provide users the convenience of calculations, as they allow to transfer money on a minimum set of data (enough room wallet or payment form). On the other hand, e-wallets are transparent to controller: all operators of electronic money according to the law should have the status of credit institutions and to report to the CBR, and users can transfer money, only confirming his identity.

Thus, digital wallets largely contributed to the transition from a dominant (and opaque) cash payments to cashless transparent economy.

How to open an e-wallet

To open the electronic purse can anyone with access to the Internet. To do this, go to the website of the payment service you selected, and find the item “Create a wallet”/”Register”. Next you need to specify some information about yourself: — login, mail, mobile phone number.

To pay out of wallet for small purchases, that’s enough. More opportunities will be for those who provide their passport details (this is called simplified identification). And to use all the features of the wallet, you need to go complete identification. Most likely to be asked to come in to the office of the payment service or her partner usually companies with a huge network of salons and shops.

Some services, there are remote alternatives (for example, in “Yandex. The money” available complete identification through the savings Bank via SMS to number 900). Add funds to your wallet with cash, Bank transfer to the Bank account, mobile phone account and other ways depending on your chosen payment service.

What e-wallets are the leaders in Russia

Today, according to Mediascope, “Yandex. Money” is calculated every second user of Runet (52,8%), PayPal accounts for 46.1%, WebMoney — 39,9%, QIWI is 36.9%. They all perform the same task: helping people to pay and transfer money online. But the differences between them are still there, and that’s what.

“Yandex. Money”

“Yandex. Money” you can pay for any goods and services online. If the person produces to the virtual wallet or a plastic card, you can use it both online and offline, and withdraw cash at any ATM around the world.

Mobile app of the service you can pay traffic fines, taxes, state duties, to organize the collection of money for charity and crowdfunding projects, buy movie tickets and invest in securities and ETFs. Card “Yandex. Money” you can pay through Apple Pay, Samsung Pay, Google Pay, Pay Garmin.

2018 service charges of cashback to 5% for purchases paid with the card or the wallet. In April of 2019, he launched “multi-pack” which allows you to open accounts in 10 currencies and for spending in any of them, too, to get cashback. This is the only card that can she recognize the currency of payment and to charge the appropriate account.


This international electronic payment system launched in 2007. Opportunities QIWI wallet: mobile payment, Internet, utilities and various online services. The company offers private banking cards Visa QIWI Wallet attached to the purse.

Now QIWI is possible to open accounts in four currencies: rubles, US dollars, Euro and Kazakhstan tenge. However, a map with a foreign currency account to pay will not work. The users of QIWI also offers cashback for various purchases. The company offers several tariff plans.

Have QIWI also has its own mobile app with broad functionality, so managing your finances can be in a smartphone.


Historically service is different from orientation to advanced users. The man who with technology, as it may seem to be complicated. For example, WebMoney used a complex system of protection of passwords and personal data — keys in file formats, connection, security system E-NUM. Naming accounts was also not very comfortable for the common man, though geeks, this language was close and among them has become popular.

Lately, WebMoney and turned to a broader audience. Now the company is doing a lot, so the wallet was simple and easy for anyone who’ll need it. The service, like its competitors, allows you to pay on-line communication services, utility services, public services.

Unlike WeBmoney — the presence of p2p-lending, by which the user can lend money to another person. The service also has its own card — WebMoney Cards.


It is the largest electronic payment system in the world. In Russia it is second in popularity only to “Yandex. Money”. The widespread dissemination of PayPal contributed to the fact that the company became part of eBay. However, wallet can be used outside the auction site. It can be used to pay for goods and services on the Internet and also you can bind cards Visa, MasterCard, American Express, Discover, send money transfers.

More functionality is available to users in the United States, where the system also offers credit services. In contrast to other popular purses, PayPal will not help you to pay utility bills, to pay traffic fines or to pay for a purchase in an offline store. The service has no opportunity to invest or get cashback. However, if you love cross-borderny purchase or do you have to receive money from people from abroad, PayPal will be very useful: the brand is known in most countries of the world.


Each e-money service has its own characteristics. But all e-wallets combines ease of entrance (it takes a couple of minutes and immediately possible to use) and accessibility from anywhere in the world where there is Internet. An e — wallet is the safest and easiest way to start using financial services and to use non-cash payments.

Photo and cover photo: Unsplash

Read more •••

Video of the day. The woman decided to change the floor 7-year-old son


Please enter your comment!
Please enter your name here