Russian money transfer company Unistream has launched a corporate card for Russian businesses with no annual fees.

Unistream corporate card will provide around-the-clock access to funds and can be used to cover administrative and business trip expenses.

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At the minimum commission of 1.5%, cardholders can cash-out in any currency at all the ATMs, the company said.

However, users will not have to pay any commission for online payments.

Unistream added that users can top-up the card at any of its 170 cash desks.

Unistream bank business development head Alexander Lozhkin said: “The corporate card has been designed to meet the needs of small enterprises. You can order one card for each employee. This helps with work management and control of your SME’s money operations at the same time.

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“We’d like to support entrepreneurs all the way, and setting no annual fees on the card is yet another way to do it.”

Recently, Unistream revealed that its mobile transfers app is available in five additional languages.

In November last year, Russian mobile operator MTS joined forces with MTS Bank and Mastercard to introduce a virtual credit card dubbed MTS Credit Online in Russia.

With the new card, which is said to be the first of its type in the country, users can make purchases online. They can also use the card to make payments in retail outlets through smartphones.