Raiffeisen Bank and Mail.ru Group launched a salary payment service through SBP on any convenient day

2021: Service Launch PayDay

Raiffeisen Bank on September 7, 2021 announced that together with the Mail.ru Group they launched a PayDay service for the bank's salary customers. Now they can transfer instantly to themselves to the card money for actually fulfilled number of days in prilozheniirayffayzen Online at any time. At the same time, the current balance of the amount available for output and the detailed calculation of accruals will be available to salary customers.

For the employer, the payroll calculation and payment process remains unchanged. When the service is connected to the company's account system, a module is integrated that automatically captures the amount of time worked by the employee, as well as other information that affects the amount of earnings. The module transfers money to the employee from the settlement account opened within the project. At the same time, all information from the employee's sheet comes in an impersonal form and is not stored on the service side. Each advance issued automatically appears in the billing slip, and on the days of salary payment it is reduced by exactly the amount that was previously received by the employee through the service. All transfers through the service are fully automated and do not require the participation of accountants.

To connect the service of a company that uses the Raiffeisen Bank salary project, you need to leave an application on the site. If necessary, the company can set employees a withdrawal limit through the service in the amount of 30% - 75% of the amount earned. The company can also provide access to the service to employees selectively by placing marks in the accounting system.

Employees will be able to transfer money at any time of the day thanks to the integration of the service with the Express Checkout System (SBP). In order to use the PayDay service, it is enough for a salary client to have a smartphone with the Raiffeisen Online application installed.

We want our salary clients to make timely and profitable decisions for them when managing personal finances. The ability to use earned, not credit money, instantly, without being tied to the standard two dates inside the month, is an important step in this direction. Thanks to the joint work with the Mail.ru Group team, we managed to create a comfortable client path inside our mobile application, and the implementation of the service through the SBP made it possible to achieve instantaneity when crediting funds. I am very glad that it is our customers who will be able to take advantage of the convenient process of receiving salaries on any day through the SBP. In addition, we see interest in the project from companies as a tool working for the employer's brand, "said Vladimir Lefteroglo, head of the salary client portfolio growth department at Raiffeisen Bank.

We see that examples of the use of the B2C service are actively appearing on the market, which allows us to implement a wide variety of scenarios, including with the payment of wages. We believe that the PayDay service will be interesting to a large number of Raiffeisen Bank customers, "said Dmitry Kolesnikov, Director for the Development of Innovative Services of the NSPK.

We are sure that the PayDay service with its approach will win a worthy place in the market - there are all the prerequisites for this. Changing processes that have been operating for more than one decade is always difficult. But we are pleased to realize what a long way we have come, and the tangible response from Russian companies is an extra confirmation of this, "said Sergey Molchanov, director of development and integration of Mail.ru Group, founder of the PayDay service.