Introduction of cashfree travel payment using Bank of Moscow cards is recognised as a success

Introduction of Bank of Moscow cards with a cashfree travel payment function has been recognised as a success. The experiment has been under way since 2006 and over 42 thousand cards have so far been issued with special chips similar to those used in the payment cards for the Moscow metro. The cards may be used to pay for travel on the Metro, with the cost of each subsequent journey during the month costing the same as a season ticket. Muscovites have naturally appreciated this and more than 4 million of them now use cashfree travel payment cards when travelling by Metro.

"Today, Bank of Moscow cards with the cashfree travel payment functions are an officially recognised means for paying for travelling on the Metro", says Alexei Kletsko, Managing Director of the "Retail Business block. "I believe that the given product will enjoy particular demand among Muscovites, since clients do not need to check on the number of journeys remaining or stand in a queue to obtain a new season ticket".

Center of public relations, Bank of Moscow
(495) 624-74-40
pr@mmbank.ru

Latest News Alfa-Bank offer its customers the opportunity to order bank cards depicting an image of their choice. MasterCard PayPass Enters Russia The number of bank cards issued by the Bank of Moscow tops the 10 million mark BANK PLATINA introduced the new Tariffs for "BANK PLATINA - VISA" Bank of Moscow rolls out full-scale implementation of the Pupil Card project in a number of Moscow schools MasterCard cards are now available at SB Bank. MBRD Implements acquiring Service Project Card accounts of private clients are now yield-bearing. SB Bank and VISA International launched promotion campaign for Visa/Visa Electron card holders "Olympic movement Visa. Your way to Beijing". ORGRESBANK offers new insurance services to its cardholders

China UnionPay cards initial issue in Russia From this very day Evrofinance Mosnarbank will begin to issue standard debit card in Russian Roubles bearing the CUP logo with “62” as the first 2 digits of PAN. Besides the CUP logo, the cards also bear the logo of Union Card, one of the biggest local bankcard organizations in Russia, thus the cards can be used both in the local network of Union Card in Russia and in the global network of China UnionPay. [Read...]