News

Russia: TCS Bank launches m-payment app

Wednesday 27 November 2013 11:40 CET | News

Russia-based financial institution TCS Bank has launched a mobile banking and payment application dubbed Tinkoff Mobile Wallet.

 With Tinkoff, customers are enabled to pay for services such as phone, electricity and water bills or to transfer money Peer-to-Peer (P2P). The options for transferring funds from person to person include debit/credit card numbers, phone numbers, QR codes to be scanned by the recipient, e-mails, SMS, and private messaging through the application. Also, another option was added to allow fund requests from other users.

In addition, the mobile wallet is based upon the MasterCard-Tinkoff Wallet which can be accepted wherever the card is.

TCB is currently in negotiations with Visa about adding a virtual version of their card to the application.

The wallet can be loaded at any payment terminal in Russia, with a Russian bank card or credit card.

The Tinkoff Mobile Wallet will be made available in the Apple AppStore, and Google Play only for Russian residents on December 1st.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Russia, TCS Bank, m-payment app, Tinkoff Mobile Wallet, bill payment, MasterCard
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce