In 2014 Russian online retail market was predicted to reach $20.92 billion resulting in a 17.1% growth compared to 2013. This might be the first year when this metric will be lower for Russian by 3 percent points compared to the rest of the world as reported by Vedomosti.ru based on eMerketer analysis.
Russian online retail sector experiences more and more pressure from the foreign competition. According to Data Insight reports in 2012 Russians ordered online 50% more often from abroad compared to 2011. Some experts attribute such growth to an agreement reached between local Russian payment system Yandex.Money and Skrill payment processor, which enabled clients from Russia […]