Tinkoff Bank launches Android Pay

Moscow, Russia — 22 May 2017.
Tinkoff Bank announces the launch of Android Pay. Starting from the 23rd of May, our clients can use their Android mobile devices to pay for their purchases in stores, apps and online.

Pali Bhat, Vice President of Google Product Infrastructure & Ads, commented: «We’re excited to bring the simplicity and security of mobile payments to Tinkoff Bank customers with Android Pay. Starting tomorrow, people will be able to use their Android device to pay all across Russia and the number of stores and apps where or technology is available is constantly growing».

Anatoly Makeshin, Vice President and Head of Payment Systems at Tinkoff Bank, said, «We have launched Android Pay both for Mastercard and Visa cards. With this our clients can make one-touch mobile payments, while continuing to earn rewards for all card purchases and enjoy other benefits attached to Tinkoff Bank’s cards».

The Android Pay app is available for devices with Android 4.4 KitKat and newer. To go contactless, your device needs an NFC chip.

Android Pay does not store or transfer the card number, which makes all transactions completely secure.

About the Group

TCS Group Holding PLC is an innovative provider of online retail financial services operating in Russia through a high-tech branchless platform. The Group has also developed a «smart courier» network covering almost all cities and towns in Russia which allows next day delivery to many customers.

Tinkoff Bank’s product range includes daily banking (credit and debit cards, payments, money transfers), savings, investments, loyalty programmes, travel services, SME services, mortgage platform, and insurance. With its special focus on mobile business, the bank offers mobile applications both for its customer base (Mobile Bank) and beyond it (Traffic Fines, MoneyTalk, Card 2 Card instant money transfers).

Tinkoff is transitioning to become an online financial marketplace, Tinkoff.ru, which offers an entire range of both own brand and partner retail financial services via mobile and desktop.

As at 1 January 2017, the bank was the second largest player in the Russian credit card market, with a market share of 10.3%. The FY2016 IFRS net income of the parent company, TCS Group Holding PLC, which includes Tinkoff Bank and the insurance company Tinkoff Insurance, amounted to RUB 11 bn, ROE stood at 43%.

Banki.ru, Russia’s largest financial news portal, named Tinkoff Bank the Bank of the Year 2016. In October 2016 Tinkoff Bank was named the largest independent global direct bank by Frost & Sullivan. In 2015 and 2016, the Global Finance magazine named Tinkoff Bank as the Best Consumer Digital Bank in Russia. In 2016, the bank also won Global Finance’s Best Integrated Consumer Bank Site award and was named the Best Digital Bank in the CEE by Euromoney. The bank’s mobile application was recognised as the best in Russia by Markswebb Rank & Report for three consecutive years in 2014, 2015 and 2016, and by Deloitte for four consecutive years from 2013 to 2016.