Wildberries and Ozon to Accept Digital Ruble Payments Starting in September

Wildberries and Ozon are expected to start accepting digital ruble payments from September 1. This move comes as Russia advances its national digital currency and new digital asset legislation. Ozon stated that it will accept digital rubles in a testing mode and gradually expand to all customers. Wildberries indicated that it is working in accordance with the requirements and regulations set by the Bank of Russia. The digital ruble system has been in development for several years, with the first real transaction tests beginning in 2023, initially limited to pilot projects involving a small number of banks, businesses, and users, gradually expanding since last year. The original plan was to open it to the public by 2025, but the timeline has been postponed to allow businesses and financial institutions more preparation time. According to the latest schedule, large retail chains with annual revenues exceeding 120 million rubles must be ready to accept digital rubles by September 1, 2026. On the same day, Russia's largest commercial banks should also be prepared to handle related transactions for their customers. Additionally, new legislation in Russia will legalize cryptocurrency investments and trading but prohibit the use of decentralized digital currencies for direct payments.

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