Sistema reports arrest of its stakes in MTS, Medsi, BES as part of dispute with RosneftBusiness & Economy June 26, 20:58
Russian submarine successfully test-fires Bulava intercontinental missileMilitary & Defense June 26, 19:20
Rosneft and RBC reach friendly settlement on defamation lawsuitBusiness & Economy June 26, 18:50
Number of centers issuing FAN IDs to be increased ahead of FIFA Confederations Cup FinalSport June 26, 18:33
News about anti-doping probe against Russian football team players is fake — executiveSport June 26, 18:25
Putin refers to State Duma Council of Europe convention against financing terrorismRussian Politics & Diplomacy June 26, 18:15
Russia to lay down 2 diesel-electric submarines for Pacific Fleet in JulyMilitary & Defense June 26, 18:07
Russia’s Khramtsov wins first gold at 2017 World Taekwondo ChampionshipsSport June 26, 18:03
Russian Navy to get four frigates by 2020Military & Defense June 26, 17:41
MOSCOW, January 23. /TASS/. Russia’s Yandex.Money payment system will shortly amend terms of the user agreement and introduce a restriction on fundraising for political purposes, press service of the company told TASS on Monday.
"The law demands from us to limit use of e-wallets for purposes and by ways that may have varying interpretation from standpoint of the law; otherwise the company is exposed to compliance risks. Taking care of millions of users, we are to mitigate these risks. Therefore we made a decision to change terms of the user agreement and introduce a paragraph limiting fundraising for political purposes to an e-wallet," head of Yandex.Money press service Evgeniya Artautova said.
Restriction on remittances for political purpose is a standard for online payments market, representative of Yandex.Money said. The majority of e-wallet services in Russia (for example, Qiwi and PayPal) have such restrictions, she added.
Yandex.Money plans to post the amendment shortly and the requirement will come into force from promulgation. "At the same time, a fund - legal entity may still use Yandex.Kassa system to collect donations from individuals in any amounts," the company said.