Raif Pay

Main articles:

• Electronic payment systems in Russia
• Payment system
• Cashless payments in Russia

The Raif Pay service combines payment solutions for corporate business customers - both online payment and cash payments.

2021: Creating a Mass Release API and Controlling Corporate Card Spending

Raiffeisen Bank announced on November 30, 2021 that it had created an API for mass release and control of corporate card costs.

Now companies can issue any number of corporate cards in minutes without the need to manually complete documents and provide passport scans, as well as change card limits and receive online spending notifications 24/7. The mass release service of corporate cards is based on the open API technology of the Raif Pay service, along with work on the API business, registry registration is available through an online bank.

Corporate cards are an effective tool for various types of business expenses, from travel and hospitality to payments in the advertising rooms of Google and Facebook. With their help, companies also make purchases or make a cash contribution. Corporate cards with a flexible limit system can be effective for automating the costs of drivers, forwarders, pharmaceutical representatives and couriers.

Previously, to issue cards, owners or representatives of the financial department needed to send a list of cardholders and scans of their passports to the bank, and the entire process took about 7 days. Thanks to this service, the bank receives the necessary data automatically by pressing one button from the customer, while 100 cards are checked and issued in minutes.

The company can work with corporate cards through the online bankRaiffeisen Business Online, for example, downloading a mass release register in the format of unloading from 1C. If a registered card is issued, it will be delivered to the bank branch or by courier within two days, and holders will receive SMS about readiness.

It is also possible to directly connect the Raif Pay API to the company's systems. This allows you to track expenses in real time, automatically set limits, and, for example, issue a card immediately when a new employee is employed without additional actions. To facilitate integration, a full-fledged test environment is available, allowing you to familiarize yourself and implement the connection before signing the contract.

We strive to save customers forever from long routine processes related to financial tasks. The corporate card automation service is another step towards making it easier to make one of the key tools for controlling and managing business expenses. Now the issue of corporate cards will be issued faster than the delivery of pizza. At the same time, we apply the API first approach, when the opportunities available inside the bank are also open to companies. This ensures a high level of technicality and ease of connection to our services, "said Georgy Konnov, head of the development of electronic commerce at Raiffeisen Bank.