Russian Post takes on eBay as eBay links up with Qiwi

Russian Post, the state-run Russian postal service, is planning to launch an online trading platform that will put it in direct competition with eBay. No date has been set for the launch. In the meantime, eBay this month began offering its Russian customers the opportunity of paying through Visa Qiwi Wallet which allows subscribers to top up their accounts with cash at a network of self-service terminals; according to Data Insight, almost 70% of all consumer transactions that took place in Russia last year were in cash, giving Qiwi an inbuilt advantage over alternatives such as PayPal.  rbth