View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. CI / EPI / RBI
December 18, 2013updated 04 Apr 2017 4:09pm

Kyvistar and Alfa Bank enter in a partnership to launch a NFC payment service

The Ukraine’s largest mobile phone operator Kyivstar and Alfa-Bank, the largest private commercial bank in Russia, have formed a partnership in order to launch an NFC payment service from 2014.

By Angelo Boccato

The Ukraine’s largest mobile phone operator Kyivstar and Alfa-Bank, the largest private commercial bank in Russia, have formed a partnership in order to launch an NFC payment service from 2014.

 

The deal previews that the service will be available to Kyivstar subscribers who are clients of Alfa-Bank at the beginning of 2014 and NFC enabled SIM cards can be bought at the bank.

 

This last agreement follows a partnership formed between US-based mobile payment provider Fortumo and Kyivstar on 15 October 2013.

 

That partnership allowed 23m Kyivstar customers to make payments in games and application in Kyivstar’s app store without using a credit card.

 

Alfa-Bank has recently entered in a series of deals with Master Card. The last of these deals on 12 December 2013 saw the launch of a new service "Commission-Free Transfers" allowing card-to-card transfers free of charge through MasterCard’s payment system from 09 to 30 December 2013.

 

Related articles:

State of Mississippi sues JPMorgan over flawed credit-card debt collections

Amazon buys mobile payments firm GoPago

PayPal teams up with epay to offer digital gift codes

 

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU