Mastercard will launch transfers by phone number from Russia abroad

Mastercard is discussing with Russian banks the possibility of launching a service to transfer money from card to card by phone number abroad.

Transfers will be made through the Mastercard Hub system, which stores customer numbers associated with card accounts. The client will only need to register with this service.

Now banks are actively developing a quick payment system from the Central Bank, so the creation of a new service will begin only after the completion of the SBP launch.

The Russian Standard expressed interest in developing money transfer services with Mastercard, other banks did not respond to a request from RBC. [ RBC ]

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