Tinkoff Bank and NSPK to link card receipts to transactions

Moscow, Russia — 25 April 2018.
Tinkoff Bank and the National Payment Card System (NSPK) are testing a unique solution unmatched in the Russian payment services market. It will enable the bank’s customers to view card receipts in their user accounts at Tinkoff.ru (starting April 2018) and in the mobile app (in autumn 2018).

The service that relies on the data from NSPK, the bank and OFDs (fiscal data operators) is currently being piloted by a limited number of participants.

Using the software developed by NSPK, the cash register equipment will automatically link to payment terminals, ensuring day-to-day exchange with fiscal data operators and Tinkoff in full compliance with the data protection requirements. To access the information from the receipt in the user account, card holders will no longer need to give the merchant their phone number, e-mail, or make a photo of the receipt as it will be processed automatically.

«NSPK’s new technology will make it easy for card holders to view their spending details available as a cash receipt in their usual bank app, while also providing banks with a convenient tool to offer an increased cashback from various providers of goods and services. Tinkoff Bank, one of the most advanced and innovative market players, and the fiscal data operator First OFD became our project’s pioneers. Going forward, we plan to scale it up to involve other banks, fiscal data operators, and companies," says Andrey Shapovalov, Head of Emerging Products and Business Development at NSPK.

«Our customers will now be able to receive new cashbacks on their purchases, while goods and service providers will get some interesting promotion tools. The project run jointly by Tinkoff Bank and NSPK is going to improve user experience for both our own and other banks' customers, and promote the bank card as the main and most convenient payment instrument," comments Evgeny Isupov, Head of Data Monetisation at Tinkoff Bank.

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.