The deal amounted to 60 million U.S. dollars. Summary

The deal amounted to 60 million U.S. dollars. The main objective of cooperation - the development of innovative services for retail payments on the Internet. The main areas of joint work of the Savings Bank and Yandex: a universal payment solution for small and medium-sized businesses, simplification of regular payments and remittances in the network - both for users of the Internet, and for a mass audience is offline. The first step has already been made in the beginning of June, the commission canceled the Savings Bank ATMs and POS terminals at the completion Yandeks.Deneg c card of any bank. The creation of new payment solutions by specialists Yandeks.Deneg relying on banking infrastructure Savings and Internet technology Yandex. Members money.yandex.ru customers are non-bank credit organization "Yandex", acting on the basis of the license of the Central Bank of the Russian Federation. The head of the joint venture appointed Eugene Zavalishina, who heads the shops since 2006. The Board of Directors includes three representatives of Sberbank (Alexander Torbakhov, Denis Bugrov and Svyatoslav Ostrovsky) and two representatives of Yandex (Arkadiy Dobkin and Jane Zavalishina). Blocking minority - 25% of the share capital plus one ruble - remains with the company "Yandex". From the third quarter of 2013 it ceases to consolidate indicators Yandeks.Deneg in its financial statements.