TCS Group Holding PLC: Tinkoff and Sberbank Launch P2P Money Transfers Using Just a Mobile Number

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TCS Group Holding PLC (TCS) 
TCS Group Holding PLC: Tinkoff and Sberbank Launch P2P Money Transfers Using 
Just a Mobile Number 
 
13-Jul-2018 / 16:37 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
Tinkoff and Sberbank Launch P2P Money Transfers Using Just a Mobile Number 
 
 Moscow, Russia - 13 July 2018. Tinkoff Bank has launched a joint initiative 
  with Sberbank to allow their customers to make P2P money transfers using a 
    mobile number, as part of the bank's drive to expand the payment options 
                 available to its customers. 
 
 The service will be rolled out from today in the bank's mobile apps and the 
personal online accounts of Moscow-based customers, and will be available to 
                 all customers across Russia by the end of July. 
 
Tinkoff pioneered the use of just mobile numbers for transfers among its own 
customers, and today this is one of the bank's most popular payment methods. 
 The initiative with Sberbank expands the potential audience for the service 
                 to millions of new users. 
 
    "Tinkoff was one of the first in the Russian market to offer this option 
  within our own banking system. Now, alongside our partner Sberbank, we are 
         scaling this service and taking it to the next level," said Anatoly 
  Makeshin, Director of Payment Systems and Deputy Chairman of Tinkoff Bank. 
   "New features not only improve the user experience for our customers, but 
               also further advance the development of the country's payment 
                 infrastructure." 
 
Tinkoff Bank is also actively involved in the development of a rapid payment 
    system (SBP), which will allow customers to make instant transfers using 
        other identifiers (such as email address, TIN, SNILS, social network 
accounts, etc) anywhere and at any time, regardless of the beneficiary bank. 
 
                                             For enquiries: 
Tinkoff Bank                  Tinkoff Bank 
 
Darya Ermolina                Larisa Chernysheva 
Head of PR                    IR Department 
 
+ 7 495 648-10-00 (ext. 2009) + 7 495 648-10-00 (ext. 2312) 
 
        [e-mail]             [e-mail] [1] 
 
                 About Tinkoff Bank 
 
Tinkoff Bank is the first and only fully online Russian bank, serving almost 
   seven million customers. The bank was founded in 2006 by businessman Oleg 
                 Tinkov. 
 
   The parent company of the bank, TCS Group Holding PLC, has been traded on 
   the London Stock Exchange since October 2013. Alongside Tinkoff Bank, the 
 Group includes Tinkoff Mobile, a virtual mobile operator, Tinkoff Insurance 
and Tinkoff Development Centre, a network of development centres in Russia's 
                 largest cities. 
 
   The Bank does not have physical outlets - customers are serviced remotely 
              via online channels and a contact centre. Through a network of 
 representatives exceeding 2,500 people and covering the entirety of Russia, 
                 the Bank is able to provide excellent and timely service. 
 
       Tinkoff Bank provides both its own financial services and that of its 
   partners through the Tinkoff.ru platform. The range of available products 
    includes banking services (credit and debit cards, payments, transfers), 
  deposits, investments, loyalty programs, travel booking services, business 
 services, mortgage products and insurance. Much attention is paid to mobile 
        services - in addition to its online banking system, the company has 
   released apps available to non-clients, including Official Traffic Fines, 
                 MoneyTalk and Card 2 Card. 
 
    As of May 2018, Tinkoff Bank is the second largest player in the Russian 
credit card market with a market share of 11.7%. The net profit of TCS Group 
  Holding PLC for the first quarter of 2018, in accordance with IFRS, amount 
                 to 5.7 billion rubles, with a return on equity of 68.5%. 
 
       In 2016, Tinkoff Bank was recognized as the 'Bank of the Year' by the 
largest Russian financial portal Banki.ru, as the largest independent online 
    bank in the world (by number of clients) according to a Frost & Sullivan 
   survey, and as the best digital bank in Central and Eastern Europe by the 
            international financial journal Euromoney. In the same year, the 
international banking magazine Global Finance credited Tinkoff Bank with the 
  best universal integrated banking site. The publication also named Tinkoff 
  the best online bank in Russia in 2015 and 2016, and as the best option in 
    the categories 'Best deposit, credit and investment online products' and 
  'Best social-networking bank' in 2017. Tinkoff's mobile app was recognized 
as the best in Russia by Markswebb Rank & Report for three consecutive years 
                 from 2014 to 2016, and by Deloitte from 2013 to 2016. 
 
 Tinkoff Bank is a member of the Deposit Insurance System, guaranteeing each 
      individual depositing with the bank a return of 1.4 million rubles for 
                 deposits and current accounts, including interest income. 
 
ISIN:          US87238U2033 
Category Code: MSCL 
TIDM:          TCS 
LEI Code:      2534000KL0PLD6KG7T76 
Sequence No.:  5746 
EQS News ID:   704541 
 
End of Announcement EQS News Service 
 
 
1: mailto:[e-mail] 
 

(END) Dow Jones Newswires

July 13, 2018 09:37 ET (13:37 GMT)