RCS - TCS Grp Hldg PLC - Tinkoff Bank Brings Apple Pay to Customers <Origin Href="QuoteRef">TCSq.L</Origin>

TCS HoldingAnnouncement

01/11/2016 07:07

RNS Number : 9360N
TCS Group Holding PLC
01 November 2016
Tinkoff Bank Brings Apple Pay to Customers
Offering an Easy, Secure & Private Way to Pay
Moscow, Russia- 1November 2016. TCS Group Holding PLC (TCS LI) (the "Group"), Russia's leading provider of online retail financial services, including Tinkoff Bank and Tinkoff Insurance, today announces that Tinkoff Bank 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 benets offered by credit and debit cards. Beginning today, customers can add 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 customers 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 a customer's 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 in Russia 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."
For enquiries:
Tinkoff Bank
Darya Ermolina
Head of PR
+ 7 495 648-10-00 (ext. 2009)
d.ermolina@tinkoff.ru



About Tinkoff Bank
Tinkoff Bank is an innovative provider of online financial services operating in Russia through a high-tech branchless platform. The bank was founded in 2006 by a Russian entrepreneur Oleg Tinkov. 
The bank's product range includes credit, debit and prepaid cards, deposits, co-branded cards, agent-based mortgage products and investment services. 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, Card2Card instant money transfers).
The bank's five-year strategy has the ambition of becoming a financial supermarket where customers can shop not only for our products, but also for those of our partners.
As at 1September 2016, the bank was the second largest player in the Russian credit card market, with a market share of 9.7%. The 1H2016 IFRS net income of the parent company, TCS Group Holding PLC, which includes TinkoffBank and the insurance company Tinkoff Insurance, amounted to RUB4.4bn.
In October 2016 Tinkoff Bank was named the largest independent global direct bank by Frost & Sullivan. In 2016 and 2015, the Global Finance magazine named TinkoffBank as the Best Consumer Digital Bank inRussia. In 2016, the bank also won Global Finance's Best Integrated Consumer Bank Site award. In2016, TinkoffBank was named the Best Digital Bank in the CEE by Euromoney. Its mobile application was recognised as the best in Russia by Markswebb Rank&Report in 2014, 2015 and 2016, and by Deloitte for four years in a row in 2013-2016.

This information is provided by RNS
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