Purse of MTS Money

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• Mobile applications
• Electronic payment systems in Russia
• Payment system

The Purse of MTS Money service is development started in August, 2016 mobile application "by MTS Money" using which subscribers MTS instantly load in NFC-smartphones about OS Android virtual bank cards for contactless payment of goods and services.

Service is developed in partnership with PJSC MTS-Bank and Runet of the Business System LLC.

2020: Start of refinancing and design of consumer loans

On September 21, 2020 announced PJSC MTS Bank start of an online design of non-purpose loans cash and refinancings of consumer loans and credit cards in mobile application "MTS Money". It is Channel Five through which clients - individuals will be able to sign the loan agreement with MTS Bank.

"MTS Money"

Signing of credit documents in mobile application – one more step towards to digital transformation of banking. "Money" we made an application interface MTS intuitive for receiving the credits. For example, during formation of documents clients will in addition study the description of further steps, and will be able to send the agreement to themselves on e-mail or to messengers. Such online design in several clicks safely, conveniently and saves time of clients on the smartphone, – the director of retail lending of MTS of Bank Ivan Barsov noted.

Through the MTS Money application it is necessary for a design of the credits and refinancing:

• submit the application at office, on the website or in Internet bank;
• after approval to agree on terms of credit with the employee of contact center;
• log into the MTS Money application to click Issue the Agreement on the main screen;
• after formation of documents to click "Sign";
• received through the SMS code to enter into the Confirmation field;
• after input of the correct code the agreement is considered signed.

The discount in 0.5 percent points from the approved rate is displayed in the application automatically. Money will be credited to the account in 10 minutes without visit to bank. Also clients can receive borrowing facilities at any office of bank convenient to the operating room, MTS cellular shop or having ordered a free delivery.

Mobile application "MTS Money" – Channel Five of a design of non-purpose loans and their refinancing, in addition to the appeal to offices MTS Banka, MTS salons, Internet bank and delivery.

The offer is relevant both for acting, and for new clients of MTS of Bank. To use service, the acting clients individuals need to update mobile application "MTS Money" on operating systems iOS or Android. Mobile application "Money" is available to MTS in App Store and Google Play.

2018: In Russia e-wallets from hackers for the first time insured

The MTS company of the first in Russia insured e-wallets of the clients from the hacker attacks.

'Protection of electronic instruments of payment becomes more and more relevant. Digitalization gets into all spheres of human life and fraud is displaced from the physical world in virtual. The threat of cyber-risks increases therefore, it is sure, we managed to propose the timely solution demanded by the market', – the CEO of Zett Strakhovaniye Igor Fatyanov said.

The insurance provides compensation at theft of means by hackers to 10 thousand rubles. Such insurance only in Russia in Purse of MTS service works. Insurance does not extend to other services, however also other players in the market can use practice.

2017: Development plans for Purse of MTS Money service

The Purse of MTS Money service integrates payment instruments – the account of the e-wallet of MTS, the personal account of the subscriber, bank cards – in one place for access to a range of financial services of MTS.

Clients of MTS had an opportunity to make payments and transfers from the e-wallet from the smartphone or the website of MTS, for this purpose it is not required to open the bank account or to make out the bank card. To use the comfortable payment instrument, it is necessary to install the MTS Money application on the gadget or to come on http://dengi.mts.ru. It is possible to fill up the e-wallet of MTS from cards of any Russian banks and further to use it as the main source of payment for payment of goods and services and also money transfers. MTS Bank acts as the issuer of electronic money.

Service is available not only to subscribers - individuals, but also users of corporate rates whose numbers are issued on legal entities. Now this category of subscribers will not face restrictions at payments on mobile phone number – for example, to pay for communication, the Internet, transport, the housing and public utilities are possible from the e-wallet of MTS, having separated means on it from means on the personal account of phone or the bank card.

Subscribers of MTS will have an opportunity to participate in the loyalty program "MTS the Bonus" – using service, they will be able to accumulate bonus points and to pay with them communication services of MTS and also goods and services of other partner companies of MTS.

MTS will monthly expand functionality of service, including being guided by responses and wishes of clients. Users can direct the offers and notes to the e-mail address of feedback.dengi@mts.ru

Development of service

During 2017 service, among other things, will gain the following development:

• The functionality of service, except for payments from the personal account, will become available subscribers of any mobile operators;
• There will be an opportunity to make payments in shops and transport from the personal account or the e-wallet of MTS both through the MTS Money application, and by means of USSD/SMS commands (for users of push-button telephones);
• The payment button "MTS Money" for fast payment with tied to service of the bank card, the personal account or e-wallet of MTS will be added to online stores and terminals of partners of service;
• The existing users and providers of service of a mobile commerce "Easy payment" and "Avtoplatezh" will be transferred to MTS Money service;
• Consolidation of MTS Money service with service of mobile banking of MTS of Bank and expansion of a range of the banking services provided from mobile devices will be made. Clients of MTS of Bank after authorization in service will be able to see the list and balance of the bank cards, to make a transfer between cards and to make out banking products.

Until the end of 2017 the payment button "MTS Money" for fast payment with tied to service of the bank card, the personal account of the MTS phone or the account of a purse of MTS Money will be added to terminals of partners of MTS – at the checkout of cafe, shops, in the taxi, in online stores –.

In service the functionality of transfers on mobile phone number to not registered users, payment in online stores, messengers and other applications, an opportunity to link the account of a purse to services Apple Pay, Android Pay and Samsung Pay, release of the virtual bank card, an opportunity to make out the credits, deposits and cards, to buy mutual funds, to insure means and also to analyze the expenses will be implemented.

For the first time in Russia users of push-button telephones will have an opportunity to manage the electronic means remotely – due to start of management using USSD commands. Now 44 percent of subscribers in MTS network use push-button telephones, start of the USSD menu considerably will expand audience of service.

Due to identification of users, MTS can suggest clients to make payments with high limits on single transactions to 60 thousand rubles and up to 200 thousand rubles a day that is comparable with limits on traditional bank cards.

MTS will also make consolidation of MTS Money service with service of mobile banking of MTS of Bank. Clients of MTS of Bank after authorization in service will be able to see the list and balance of the bank cards, to make a transfer between cards and to make out banking products.

For the beginnings of 2017 35 million people, at the same time six of them – regular users of a mobile commerce use all financial services of MTS. At the end of 2016 their quantity increased by 25%.

2016: MTS Money

MTS-Bank and the company MTS Money announced in August, 2016 start of mobile application "MTS" using which subscribers of MTS will be able instantly to load in NFC-smartphones virtual bank cards, tickets and discount coupons for contactless payment of goods and services, journey in Moscow transport and receiving discounts in shops.

After the MTS Money installation of the application from Google Play the subscriber of MTS can load the bank card of MasterCard "MTS Money" issued by MTS Bank. For this purpose it is not necessary to address to MTS cellular shop or MTS Bank – to specify a name, a surname, the phone number and e-mail in the appendix enough. The card after its replenishment will be available to shopping in one contact in any sales points worldwide equipped with point-of-sale terminals with contactless readers at once. Over time users of the application will have an opportunity to make out through prilozheniyezakryt the card and other Russian banks.

The application allows to load the transport card Three with the E-wallet and 90 minutes rate for contactless payment of travel by public transport of the capital: buses, trams, trolleybuses and also Moscow Metro and trains of Aeroexpress. For this purpose the subscriber of MTS will need to replace the SIM card with the NFC SIM card in any MTS salon in Moscow and the Moscow region. Using the MTS Money application it is also possible to download in the smartphone discount coupons and cards of loyalty.

"The release of the bank card in the MTS Money application for smartphones is the not just successfully implemented technology task, it is our answer to requirements imposed to the modern level of bank service. Now the smartphone becomes a uniform contactless point of payment for our clients in shops, cafe and public transport. We offer a payment method of goods and services – where earlier owners of smartphones used the classical plastic card, it is enough to attach the smartphone on the point-of-sale terminal now", − the Vice chairman of the board of MTS of Bank Eduard Issopov told.

CardsMobile acted as the technical partner of MTS in application programming "MTS Money". For issue of cards the application uses the CardsMobile platform which provides remote release in smartphones of users of bank cards and also remote loading in SIM cards of tickets, for example, of cards Three.

Also it became known that until the end of 2016 MTS is going to start the program of microcredit of the clients, and at the rates below average market. Persons interested to use this service will be able to borrow up to 15 thousand rubles for a period of up to several months. Loans will be enlisted on the virtual bank card in the smartphone which should be under management operating system Android and support contactless payments NFC technology. According to Solodovnikov, now this technology is supported by 20% of the devices registered in MTS network (about 8 million). By the end of 2016 their quantity should increase to 23%, and in a year make 36%.

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