Tinkoff turns its mobile banking app into a full-service digital marketplace

Tinkoff super-app boosts digital leadership in European fintech space — Tinkoff — “The super-app is both our own version of the App Store, with its own mini apps, and the first WeChat-like app in the Russian or any European financial market, featuring products and services from our partners… External partners can connect to the marketplace (via open API) using the ‘app-in-app’ model and offer targeted products and services within the Tinkoff app.”



What's New in Payments

Russia’s domestic payments system to expand into Europe

Presentation of the first European acquirer of the Mir card scheme at the Russian-British business forum — Roscongress — “The ability to make transactions through the Russian system will simplify payment transactions for customers of companies that offer products or services in the Russian market and, as a result, increase their turnover. For the UK, which will be the first launch country, the Mir payment system opens up access to the Russian consumer market.”





What's New in Payments

Huawei expands NFC mobile payments to Hong Kong

Huawei rolling out new products to enhance user stickiness — Hong Kong Economic Journal — “Huawei Pay, which was launched in Hong Kong on Monday, allows users to settle bills in more than 40,000 retail spots accepting the UnionPay contactless card payment… Earlier this year, Huawei Pay was launched outside China for the first time. In Russia, 66 banks are now supporting the technology. Both Huawei and Honor smartphones will carry the new service, which is compatible with 20 mobile devices, including several smartwatches.”






What's New in Payments

Brazil, Russia, India, China and South Africa to launch Brics Pay mobile payment service

Five-currency basket: Brics countries create a single payment service — Izvestia (translation) — “One of the likely scenarios for the project is the creation of a special online wallet that will unite the payment systems of all the Brics countries… The common wallet will work in the same way as existing payment services, such as Apple Pay or Samsung Pay. To this end, a separate cloud platform will be created that will connect the national payment systems of the five countries.”


What's New in Payments

Russian supermarket chain rolls out open loop fingerprint payments service

Sberbank and Azbuka Vkusa perfect fingerprint payment service — Sberbank — “After the quick registration process, which takes place at a checkout, clients tie two fingerprints to a Visa or Mastercard bank card and confirm the registration by coming up with a password. Payments can then be made at all stores with biometric POS terminals by scanning a fingerprint and confirming the transaction with the password. It is not necessary to use a bank card or a smartphone… The service is already available at 20 Azbuka Vkusa supermarkets, and will be added to more locations soon.”



What's New in Payments

Moscow Credit Bank issues NFC payment rings

Non-contact payment ring of the Moscow Credit Bank — Moscow Credit Bank (translation) — “Visa payment card of the Moscow Credit Bank with support for NFC technology allows you to pay for purchases with one stroke of your hand… To pay for a purchase, it is enough to touch the ring to a terminal that accepts contactless payments. The payment ring is made of impact-resistant waterproof ceramics, so it will become indispensable for athletes and active lifestyle lovers.”


What's New in Payments

VTB switches on Huawei Pay at retail outlets across Russia

VTB begins accepting Huawei Pay in its network of POS terminals — VTB Bank (translation) — “To start using the service, the customer must be the owner of a China UnionPay card and a Huawei or Honor mobile phone that supports contactless payment technology… VTB’s POS terminal network has more than 180,000 devices. Contactless cards and mobile payment services are accepted by the absolute majority of terminals.”





What's New in Payments

Football fans use contactless for one in two transactions at World Cup stadiums

Visa data shows one fifth of purchases at 2018 Fifa World Cup use contactless technology — Visa — “Visa, the official payment services partner of Fifa, today released an analysis of foreign travellers’ spending during opening days of 2018 Fifa World Cup. The results found that in the 11 Russian host cities of the tournament, approximately one in every five (17%) purchases with Visa used contactless payment technology, including smartphones, bracelets and rings. In the stadiums themselves, the share of contactless payments was 54%, inclusive of purchases made by fans from Russia and abroad.”


See NFCW's full list of trials, pilots, tests and live services around the world...