MasterCard Cash with purchase

"Cash with purchase" — service thanks to which buyers have a possibility of cash withdrawal at the checkout at payment of purchases by the bank card.

2019

Agreement of MasterCard and Raiffeisenbank on development of Cash with Purchase service

Raiffeisenbank and Mastercard signed on June 6, 2019 the agreement on development of service of cash withdrawal at payment of purchases at the checkout in trade and service companies. The document is signed by the board member of Raiffeisenbank Nikita Patrakhin and the head of MasterCard in Rossiialeksey Malinovsky.

Joint work with Raiffeisenbank already goes: partners implement the project on implementation of Cash with Purchase service in supermarkets of BILL. The signed agreement provides cooperation increase for start of Cash with Purchase in other outlets where Raiffeisenbank acts as an ekvayer.

To use the innovation service, it is enough to buyers to make a purchase for any amount, having selected payment by the card and along with it having requested cash disbursement from the cashier. The amounts no more than 5000 rubles within one transaction are available to removal. "Cash with purchase" Mastercard was estimated by buyers already in dozens of the countries worldwide, including the USA, Great Britain, Germany, Austria and others.

Zenit bank and Mastercard agreed about start of Cash with Purchase service

Zenit bank and MasterCard payment system signed on June 6, 2019 the letter of intent of start of Cash with Purchase service. Read more here.

2018: Start of Cash with Purchase service in Russia

In 2018 Mastercard started service of cash withdrawal at purchase payment by the card at the checkout. In September the pilot project in Moscow was started and the Russian name of new service — "Cash with purchase" is announced.

Cash with purchase" is not only comfortable method of management of finance for holders of cards, but also a contribution to development of non-cash economy and development of new services and standards of service in retail trade — Ivan Isayenko, the development director of the MasterCard market in Russia said.

According to representatives of MasterCard, implementation of Cash with Purchase service will allow to strengthen non-cash economy and will keep development of retail in Russia.