SBI Bank launches Me2Me-Pull service in "Express Checkout System"

2021: Launch of Me2Me-Pull service

On September 29, 2021, SBI Bank (Es-Bi-Ai Bank LLC) announced the launch of the Me2Me-Pull money transfer service as part of the Quick Payment System (SBP). The technology allows customers to quickly and safely raise funds in their family account with SBI Bank from their accounts with other banks.

The service is convenient in cases when you need to pay a large purchase, open a deposit or make another loan payment from one account, and the funds are stored in several banks. Now customers do not need to separately enter the electronic services of each bank and make many transfers - it is enough to open the mobile application "Your Circle" and raise money for a single account with SBI Bank.

The service is available if the banks between which the transfer is made are connected to the SBP system and provide the opportunity to use the Me2Me-Pull service. This technology is implemented in accordance with all security standards, and the Me2Me transfer is absolutely safe, since the client sends money to himself, which also eliminates the risk of questionable transactions.

Convenience and time saving - priority in all services and services that we offer. Fintech solutions available in the market allow you to speed up and make standard operations faster. We introduce the most effective of them into our products and continue to search for solutions to make the user experience even safer, more pleasant and more accessible. This service will be especially convenient for participants in the "Own Circle" package: the accumulation of family funds in one place has become even easier, "said Andrei Karmanenko, director of retail business development at SBI Bank.

2020: Connection to SBP

On October 15, 2020, it became known that SBI Bank joined the Quick Payment System (SBP). The bank's customers were able to make instant transfers to the accounts of users of other banks participating in the SBP by phone number, as well as receive transfers by phone number from other banks.

Transfers and replenishment of accounts without entering the details of other banks are still available only to users of the family mobile bank "Own Circle." In the application, they can choose by default the account that will accept the transfers. The maximum amount of a one-time operation is 150 thousand rubles. For a day you can transfer up to 300 thousand rubles, and for a month - up to 2 million. At the same time, transfers of up to 100 thousand rubles per month will cost users for free - there is no fee for this operation. Above this limit, the commission will be 0.5% of the transfer amount, but not more than 1,500 rubles.

The express payment system is a project of national importance. The platform is designed to allow users of banking services to transfer money online between different banks instantly, at any time of the day, 365 days a year. At the same time, they do not need to know the card number or account details - transfers are made by phone number, as when transferring inside one bank. The availability of such a service among SBI Bank services is a serious step forward on the way to improving the quality of payment services and their availability for customers, "said Chairman of the SBI Bank Board Andrei Karjakin.

Partners in this project were the National Payment Card System (NSPK) and the FinTech Association.