Russian mobile network MTS launches first phase of Money Wallet payments, transfer and loyalty service

Russian mobile network operator MTS has launched MTS Money Wallet, an online payments and money transfer service that incorporates loyalty points, offers and discounts, and is to be expanded to transport and in-store payments via NFC, SMS and USSD technologies later this year.

“The new service combines all payment tools on one platform — electronic wallet, bank cards and customers’ mobile account balances,” MTS says. “MTS clients [have] 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.”

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