MTS LAUNCHES UPDATED MTS MONEY WALLET APP

Tuesday, May 30, 2017

MTS today reintroduced its MTS Money Wallet app to the market, which brings new functionality to offer its users a suite of financial services, all from one app.  

From originally offering limited payment and money transfer functionality, MTS Money Wallet has significantly expanded its service offering to become a fully integrated financial platform. The updated version offers users the following:

Expanded payment services: users can make payments from their e-wallet account, mobile account balances, a bank card issued by any Russian banks and now users can issue a prepaid NFC bank card inside the app (the last option currently works only with MTS Bank and for Android users).

Higher availability: both individual and corporate users can use MTS Money Wallet. Now it is also available for non-MTS subscribers. 

Contactless payments: by creating a prepaid MTS Bank card (so far available only with MTS Bank and for Android users), users can now use the app to make contactless payments at POS terminals 

Online shopping: customers can pay for their goods online using MTS Money Wallet’s one-click functionality

Investment services: users can buy and sell mutual funds through the app

Increased synchronization with MTS Bank: more seamless integration, including the ability to apply for other MTS Bank services such as credit cards through the app

Expanded merchant base: payments can now be made with a broader range of merchants

MTS is continuously developing the MTS Money Wallet app to offer more functions. As this service develops further, users will be able to make payments on messenger apps, tie up their wallet account to Apple Pay and Samsung Pay and buy other investment products, including shares and bonds. From July 2017, the service will also open up to feature phone users, which will allow them to access the MTS Money Wallet services through USSD commands. At present, 45% of MTS’ subscribers use feature phones, meaning the launch of USSD functionality will significantly expand the e-wallet customer base. MTS will continue to integrate the MTS Bank mobile app features inside its e-wallet. 

By the end of 2017, payment terminals of different merchants in Russia – including shops, restaurants, taxi services and online stores – will be accepting ‘MTS Money Wallet as one of payment system as well as they accept Visa, MasterCard, MIR cards. MTS Money Wallet users will be able to earn loyalty points and access exclusive offers from the Company’s partners, since every user is automatically enrolled onto the MTS Bonus program. 

MTS Money Wallet was originally launched in August 2016 as the MTS Money app. Approximately 35 million of MTS’ subscribers currently use the operator’s financial services, and six million of them are active mobile commerce users. The penetration number has been growing by 25% each year since 2014, creating significant growth potential for the penetration of MTS Money Wallet.

To start using MTS Money Wallet, simply download the app or sign-up at www.dengi.mts.ru.



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