Russian payment services firm QIWI has entered into a strategic partnership with postal operator Russian Post to jointly launch a new money transfer service.
The partnership will enable clients of QIWI and Russian Post to transfer money via QIWI Kiosks, website and Visa QIWI Wallet mobile application and receive cash in any of 42,000 post offices across the country.
Go deeper with GlobalData
Transactions are limited to RUB15,000 per transfer in Russia, including the fee, per one operation.
The funds will be received in a post office on the following business day after the transaction. QIWI will also save the details including name, postal code and address of the post office for next transfers.
Additionally, the sender can also order an additional service for delivering the money transfer to the recipient’s address.
Russian Post deputy general director for financial business Vladimir Salakhutdinov said: "Our new joint service with QIWI is an opportunity to combine rapid sender side transfers online or via a kiosk, on the one hand, and conventional receipt of cash at a post office or delivered home, on the other hand.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"In fact our partnership increases the number of sender side money transfer points without increasing the work load of post office employees, which will have a favorable effect on the speed and quality of services."
