Webmoney Interview with Peter Darakhvelidze

"We are always opened both to the new markets and to the new possibilities and to prospects. And we are glad to share our experience, technologies and views with new in partner" --Peter Darakhvelidze, Webmoney Transfer

In the past few years, Webmoney Transfer's online payment products have experienced dramatic growth around the globe. Webmoney's successful policy seems to be "offer easy to use payment products that fill a market need."

Employees of the company seek to expand their online business, not strangle it with over regulation. Today they are the largest and most used digital currency in the world with last year's customer transactions exceeding $3.3 billion in USD value.

Webmoney is quietly out conquering the globe. How do they do it? I had a chance to ask Peter Darakhvelidze, Director of Corporate Affairs for WebMoney Transfer, a few questions and gain his insight on Internet business and Webmoney products. I'd like to thank Peter for taking time to answer my questions and here is the interview:

Congratulations Peter on reaching 5 Million users!

(Q) Are you signing up new users at a faster pace now than years before?

Yes, the number of new users signing up daily is growing quite fast. A majority of them are coming from "new" territories and countries outside ex-USSR borders.

(Q) Why did Webmoney co-sponsor the Digital Money Forum this year?

We want to tell the "western" financial community about e-money nature and legal model here in Russia and how they can cooperate with us and expand their activities to this part of the world.

(Q) Do you see borders when discussing Webmoney business across the Internet?

Internet has no boundaries or geographical borders. And from this perspective e-money is an ideal tool for working globally.

(Q) Where are the fastest growing retail markets for Webmoney products? (what countries or regions)

Russia is of course the fastest but new regions, like South-East Asia has huge potential.

(Q) Around the globe, in what regions is Webmoney now looking to for expansion?

First of all - South-East Asia

(Q) Are Webmoney products being widely used in online games (MMORPG) ?