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.

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Keywords: Russia, TCS Bank, m-payment app, Tinkoff Mobile Wallet, bill payment, MasterCard
Categories: Payments & Commerce
Countries: World
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