Sberbank changed the brand of the Yandex.Money service, which is now 100% owned by the bank after the split of the joint venture with Yandex. From December 2020, the electronic payment service will be called YuMoney.
At the same time, the payment solution for business Yandex.Kassa will change its name to YuKassa, according to the bank's press release.
YuMoney will improve existing products and services that the company has launched under the Yandex.Money and Yandex.Kassa brands. YuMoney will grow as a part of the Sberbank ecosystem and will add to the existing services the capabilities and payment methods that are already available to a number of ecosystem companies - Sberbank ID, SberPay, Pay QR, etc.
Ivan Glazachev, General Director of YuMoney