VTB and Wildberries launch VTB Pay

Wednesday 8 December 2021 11:21 CET | News

VTB and Wildberries have launched a new payment service system, VTB Pay.

VTB Pay will provide marketplace customers with secure payment for purchases without additional confirmation being needed. The user only needs to link their VTB card once in their personal account on the website or in the Wildberries mobile application.

Integration of a new payment system into the trading platform and into the existing loyalty program will allow Wildberries to reduce the cost of accepting payments, as well as increase their conversion.

VTB Pay will initially be available only within the online resources of VTB partners to existing clients of the bank. Over 2022, its functionality will be expanded with new services, including being able to open an account for clients of other banks. 

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Keywords: retail, banks, mobile payments
Categories: Payments & Commerce | Mobile Payments
Countries: Russian Federation
This article is part of category

Payments & Commerce