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Russia's Tinkoff Bank rolls out Apple Pay

01 November 2016  |  2409 views  |  0 Source: Tinkoff Bank

Tinkoff Bank, an innovative provider of online financial services, today brings its customers Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient.

Tinkoff Bank is the largest purely online bank globally, and we put a special focus on mobile banking. At present, the mobile bank is the primary service channel for over 30% of our clients. We know our clients have been looking forward to the launch of Apple Pay.

Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by credit and debit cards. Beginning today, you can add your Tinkoff Mastercard credit or debit cards to Wallet or by logging into the Tinkoff mobile bank.

Security and privacy is at the core of Apple Pay. When you use a Tinkoff credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorized with a one-time unique dynamic security code.

Oliver Hughes, CEO of Tinkoff Bank, commented: “Our clients have been eagerly anticipating Apple Pay for Tinkoff Bank cards, and we are proud to be among the first banks to launch this new, secure and private way to pay. Payments are now even easier to make with Apple Pay. We are certain that our clients will take to this new feature and make more contactless payments using Apple Pay.”

In stores, Apple Pay works with iPhone 6 and later, iPhone SE, and Apple Watch. Online shopping in apps and on websites accepting Apple Pay is as simple as the touch of a finger with Touch ID, so there’s no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information. When paying for goods and services on the go in apps or Safari, Apple Pay works with iPhone 6 and later, iPhone SE, iPad Pro, iPad Air 2, and iPad mini 3 and later. You can also use Apple Pay in Safari on any Mac introduced in or after 2012 running macOS Sierra and confirm the payment with iPhone 6 or later or Apple Watch. 

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