Tinkoff Black card-holders can now keep their money in 30 currencies

Moscow, Russia — 18 October 2018.
Tinkoff Bank is offering its customers the opportunity to open multiple Tinkoff Black accounts in as many as 30 currencies at a time. Now the bank’s clients can use their Tinkoff Black multi-currency debit cards in even more countries and instantaneously exchange money between currencies at attractive rates.

Tinkoff Bank is adding 26 new currencies to the already available Russian rouble, US dollar, British pound and euro:

  • Thai baht
  • UAE dirham
  • Belarusian rouble
  • Indonesian rupiah
  • Czech koruna
  • Turkish lira
  • Chinese yuan
  • Georgian lari
  • Kazakhstani tenge
  • Israeli new shekel
  • Polish zloty
  • Indian rupee
  • Vietnamese dong
  • Japanese yen
  • Swiss franc
  • Bulgarian lev
  • Hungarian forint
  • Singapore dollar
  • Canadian dollar
  • Armenian dram
  • Swedish krona
  • Hong Kong dollar
  • Australian dollar
  • South Korean won
  • Azerbaijani manat
  • Norwegian krone

Accounts denominated in these currencies are now available to all holders of Tinkoff Black debit cards. New currency accounts can be opened via the Tinkoff mobile app for iOS, through an existing account at Tinkoff.ru or by contacting our customer support. The opportunity to open accounts in 26 new currencies will soon be available in the mobile app for Android, too.

Card holders can instantaneously link their Tinkoff Black multi-currency card to any of their currency accounts. Tinkoff Bank customers can also link their multi-currency cards to Apple Pay, Samsung Pay and Google Pay.

Tinkoff Bank offers its customers attractive currency exchange rates, with a markup to rates quoted in the forex market rarely above 0.5%.

Anatoly Makeshin, Head of Payment Systems and Vice President of Tinkoff Bank, said: «Tinkoff Bank customers are active travellers and they use Tinkoff Black multi-currency cards on their international journeys. With 30 currencies now on the list, we give our clients a long-awaited opportunity to use Tinkoff Black more often, no matter where they choose to go. Holders of this easy-to-use multi-currency card do not have to worry how to best exchange their money while travelling. This option is now available in their smartphone. You first transfer money to the right currency account at an attractive rate, then link it to the card and continue using Tinkoff Black as usual.»

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. TCS Group includes Tinkoff Bank, mobile virtual operator network Tinkoff Mobile, Tinkoff Insurance, and Tinkoff Software DC, a network of development hubs across Russia.

The Group was founded in 2006 by the Russian entrepreneur Oleg Tinkov and has been listed on the London Stock Exchange since October 2013.

With no retail branches, the Group serves its customers remotely via online channels and its call centre, and operates a network of over 2,500 representatives to ensure smooth delivery of its products. The network covers all of Russia and allows next day delivery to most customers.

The Group’s key business is Tinkoff Bank, Russia’s first and only direct bank offering both own brand and partner retail financial services via its Tinkoff.ru platform. The 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).

As at 1 May 2018, the bank was the second largest player in the Russian credit card market, with a market share of 11.7%. The 1Q18 IFRS net income of TCS Group Holding PLC amounted to RUB 5.7 bn, ROE grew to 68.5%.

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.