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Russia's MTS Launches Money Wallet

Russia's MTS Launches Money Wallet Image Credit: MTS

Mobile TeleSystems (MTS), the leading telecommunications provider in Russia and the CIS, launches MTS Money Wallet, that enables users to get an easy "one-click" access to MTS's financial services and be rewarded with bonuses and loyalty points.

The new service combines all payments tools on one platform - electronic wallet, bank cards, and customers' mobile account balances. Not just a payment system, MTS Money Wallet is a hub for all of MTS's financial services.

The service is available for both individuals and businesses. MTS clients got an option to make payments and money transfers from the e-wallet through a smartphone or MTS website. There is no need to open a bank account or issue a bank card. Users are able to access the MTS Money Wallet through the iOS and Android apps or the MTS Money Wallet website. The service is available for both individuals and businesses.

Once signed up to the service, MTS Money Wallet customers will have access to their platform, where they can add payment cards to their wallet. Customers will then be able to make purchases online and transfer funds from MTS Money Wallet without having to re-enter their bank details each time. The user-friendly interface also makes it quick and easy to check wallet balances. The issuer of electronic money is MTS Bank.

All MTS Money Wallet users are automatically enrolled onto the MTS Bonus program, which offers loyalty points and access to exclusive offers and discounts.

Vasyl Latsanych, VP of Strategy and Marketing at MTS
Today we are entering into a new era of mobile and financial services. We created the unified ecosystem, which would become a convenient, transparent, and secure alternative for cash and bank cards. The initial functions included in the service only mark the beginning of our journey. We will combine all possible payment solutions with leading loyalty programs. 

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Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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