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Raiffeisenbank has launched Android Pay for card holders

Raiffeisenbank’s customers are among the first in Russia who will be able to add their banking cards to the Android Pay service from 23 May 2017.

To pay for goods and services via Android Pay, Raiffeisenbank’s card holders will only have to unblock their smartphone and place it against the terminal that supports mobile proximity payments.

«Now, Raiffeisenbank’s card holders are able to make payments via Android Pay using their smartphones,» says Damien Leclercq, Head of Raiffeisenbank’s mass affluent segment, liabilities and transaction products division. «We are constantly working to introduce innovative solutions that make our products more comfortable and safe for our customers.»

«We are happy that Raiffeisenbank’s clients will now be able to make simple and safe payments for their purchases via Android Pay. Starting from today, an Android device may be used for payments across Russia. The number of shops and apps equipped with our technology is growing every day,» noted Pali Bhat, Global head of payment products, Google.

To make payments via your mobile telephone, you just have to open the Android Pay app on your device, and add your Raiffeisenbank’s credit and debit cards, To use Android Pay in a shop, you just need to unblock the telephone and place it against a proximity terminal. The service is available for the devices based on the OS KitKat 4.4 or higher that support the NFC function.

Earlier, Raiffeisenbank was among the first on the Russian market to launch the Samsung Pay and Apple Pay services.

AO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 14th among the Russian banks in terms of assets, based on 2016 results (Interfax-CEA). According to the same Interfax-CEA data, AO Raiffeisenbank ranked 10th in terms of liabilities of individuals and 7th with regard to consumer lending.

Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, as well as 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 14 markets.

In total, more than 50,000 employees service 16.6 million customers through around 2,500 business outlets, thereof a majority in CEE. Since 2005, RBI’s shares have been listed on the Vienna Stock Exchange.

After the merger of RBI and its former majority owner Raiffeisen Zentralbank Österreich AG (RZB) in March 2017, the combined institute operates — as previously RBI — under the name Raiffeisen Bank International AG. RBI took over all rights, obligations and duties of the transferring company RZB.


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