Russian Standard Bank Offers NFC SIM Cards

Russia Featured
What's Next In Payments®
11:15 AM EST July 1st, 2014

Russian Standard Bank, Mobile TeleSystems and MasterCard international payment system have presented NFC SIM cards, which allow making one-touch payments for purchases and services using Mobile MasterCard PayPass® technology in 700k locations in 51 countries. The use of Russian Standard Bank NFC MasterCard card requires a phone carrying NFC technology support.

“NFC cards are a new milestone of cashless payments development and we’re happy that no one but Russian Standard Bank, traditionally, acts as the credit cards innovation pioneer in Russia, as has been the experience for many years,” noted Selim Ergoz, Executive Director, Credit Card Business, Russian Standard Bank.

“Russian Standard Bank’s clients can (…) appreciate mobile NFS-payment service convenience. In the near future, we will provide the other Russian banks cards in contactless format to our clients” — said Dmitry Panfilov, Director, Financial Services Department, MTS.

“Mobile phone now becomes a multipurpose services hub for payment for purchases online as well as in shops and stores; now one-touch payment for a purchase is available using an innovative MasterCard PayPass technology.” said Andrei Mironov, Director, MasterCard Market Development in Russia.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

Comments
Also by This Author
What's Hot
International
Global Consumer Confidence Ends 2014 With Slight Dip
infographics
iOS Responsible for 75 Percent of Holiday Sales
Merchant Innovation
Intuit, Uber Team Up to Simplify Taxes for ‘On-Demand’ Workers
Mobile Commerce
Marriott Fixes Android App Issue After Security Concerns Raised
View All Articles ››
You May Also Like
Europe
Citi’s Digital Chief Says Bitcoin’s Economics Are Flawed
Alternative Financial Services
P2P Payments Player TransferWise Picks-Up $58M
Europe
Russia Warns Exclusion From Swift Tantamount To “War”
B2B Payments
In The UK, Payments To Small Suppliers Can Take Up To Four Months
View All Articles ››