VTB will offer customers of other banks to “test” their products and services for free other banks. This was reported to “Lente.ru” in the press service of VTB.
The new version of the application includes 25 of the most popular functions for everyday payments and transfers, which allows you to register only by phone number, instantly get a bank card VTB and make transactions without additional identification in the amount of up to 15 thousand rubles. According to VTB's estimates, up to 750,000 clients of other banks will use it in the first year alone.
At the first stage of launching “VTB Online” for clients of other banks will contain 5 financial and 20 non-financial services. The client will be able to instantly issue a free digital VTB card. Delivery of its physical counterpart can be ordered by courier. Users will be able to instantly and free of charge make transfers from card to card in Russia and in more than 100 countries of the world. In addition, there will be an opportunity to pay utility bills, mobile services, pay traffic fines and link a third-party bank card without a commission, receiving cashback for purchases. You can apply for a mortgage, cash loan, car loan or credit card. The service will allow you to issue a VTB Mobile SIM card and rent a bike from Velobike. Also in November 2021, customers will have the opportunity to replenish and withdraw money from cards at ATMs using NFC technology.
“According to our estimates, on average, every resident of Russia serves his accounts in two banks. Potentially, this figure may be higher, but it is often extremely difficult to “test” financial services of other players for free. This is due to certain restrictions – you definitely need to be a client of the bank you like, go through personal identification and conclude a service agreement with him. But at least at the first stage, it can be inconvenient, costly and time-consuming for you. We offer clients of other banks a revolutionary new approach – now you can use our basic services and services for free, and if you like everything, become our user without restrictions, ”said Anatoly Pechatnikov, Deputy President and Chairman of VTB Management Board.
“Our new service will allow clients of other banks to instantly get access to most of the most popular financial products and services of VTB, including the VTB Online mobile bank. Users will be able to instantly and free of charge make money transfers from card to card in Russia and in more than 100 countries of the world, pay utility bills, mobile communications, traffic fines and much more without commission. We see how the demand for these services among our existing customers is growing – in September they made 132 percent more transfers than a year earlier, payments – by 71 percent. At the same time, in order to receive additional benefits, you can order a classic VTB card at any time, which will be delivered by courier delivery or prepared for issuance at the bank's office. With the emergence of a new opportunity, we expect to increase our audience and customers – according to our forecasts, only in the first year after the launch, this service will attract up to 750 thousand new users, “said VTB Board Member Svyatoslav Ostrovsky.
“VTB, within the framework of digital transformation, creates solutions that are the basis for the implementation of the bank's strategic goals. One of her main priorities is the ability to ensure 100 percent availability of online financial services. In the course of the transformation, the IT infrastructure has already been completely rebuilt, the work model of IT specialists has been changed, and the introduction of new products and services for our clients has been accelerated. Thanks to a new solution developed on the basis of a modern technological stack, we provide an opportunity to evaluate the convenience of our services and to customers of other banks, “- said Deputy President and Chairman of VTB Management Board Vadim Kulik.
To instantly get access to products and VTB services only need to download the VTB Online application. To register, it is enough to enter a phone number, last name, first name and patronymic, as well as date of birth. After that, the user will be able to instantly issue a digital “Multicard” with free service, which can be replenished without commissions from cards of other Russian banks or linked to any Pay-service. For purchases using it, VTB will charge up to 1.5 percent cashback when the loyalty option is activated.
For full access to all VTB services and products, users will need to order a plastic card, arrange for its delivery by courier or pick it up at the office jar. Clients who have passed full identification will receive 1 thousand rubles to the account after the first purchase with a debit card.