About WebMoney

WebMoney Transfer, commonly known as WebMoney, is an online payment settlement system established in 1998.  According to WebMoney, the system has over 36 million users, and over 100,000 stores accept WebMoney payments. WebMoney is one of the largest electronic payments processor in Russia by number of users. It is owned and operated by WM Transfer Ltd.
WebMoney was launched in November 1998 in Russia as a money transfer system for United States dollars, in the wake of the 1998 Russian financial crisis that had led to increased US dollar use in Russia.