VTB has enabled transfers using recipients' phone numbers via Russia's Faster Payment System in the network of its ATMs. The customer only needs to enter the phone number and the recipient's bank, the transferred money will be credited to the recipient's account instantly. The service is available in any of VTB's 15,500 self-service devices, the bank informed.
VTB is actively developing the Fast Payment System's functionality for its customers. The bank launched B2B transfers, enabled payments for retail purchases via QR codes, and the money back option if the customer rejects goods or services.
VTB Group is a Russian financial group comprising more than 20 credit and financial companies operating in all the key segments of the financial market. In the CIS, the group is active in Armenia, Ukraine, Belarus, Kazakhstan, Azerbaijan. VTB's banks in Austria, Germany and France are operating as parts of the European sub-holding led by VTB Bank (Austria). Besides, the group has subsidiary and affiliate banks in the UK, Cyprus, Serbia, Georgia and Angola, as well as one VTB branch in China and India, two VTB Capital Plc branches in Singapore and Dubai.
