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Russia’s Raiffeisenbank launches the Visa Personal Payments and MasterCard MoneySend service

Raiffeisenbank has announced the launch of its card-to-card money transfer service Visa Money Transfer and MasterCard Money Send over the entire ATM network.

Now Raiffeisenbank customers can easily transfer money to any Visa or MasterCard card issued by Russian banks. To make a transfer, you only need to know the recipients card number.

Last year we launched instant money transfers between Raiffeisenbank cards, and now every third user of the Raiffeisen CONNECT internet banking system employs this service. We know that the demand for this service will continue to grow, and thus we are providing our customers with the ability to make money transfers to cards issued by other banks. This is a very convenient and easy way to make a deposit, transfer money to family and friends or repay a loan, which may appeal to 15-25% of our customers, said Tatiana Belozerova, Head of the Alternative Sales Channels Development Department at Raiffeisenbank.

Transfers are made within a single payment system. The minimum transfer is RUR 1 500, and the maximum transfer is RUR 20 000. If a transfer is made from a debit card, a 1.5% fee is charged; transfers from credit cards are subject to a 2% commission. The minimum commission is RUR 100.

Detailed terms and conditions of the Visa Personal Payments and MasterCard MoneySend services are available on Raiffeisenbanks official web-site.

ZAO Raiffeisenbank
is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 11th among the Russian banks in terms of assets, based on Q3 2012 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of liabilities of individuals and 10th with regard to consumer lending.

Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. RBI is the only Austrian bank with a presence in both the worlds financial centres and in Asia, the groups further geographical area of focus. In total, around 61,000 employees service about 14.1 million customers through around 3,100 business outlets, the great majority of which are located in CEE. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBIs shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the countrys largest banking group, and serves as the group head office of the entire RZB Group, including RBI.


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