WebMoney is an online payment system and comprehensive tool for online business activities. It was originally established in 1998 in Russia as a money transfer system for US dollars. Since then, nearly 40 million people from all around the globe have joined the system. It offers digital currency purses which represent popular national currencies. The payment platform includes a P2P credit purse, global payment solutions, merchant services, local payment products, online billing, and direct integration with other global financial service providers.