Tinkoff Bank may soon launch its own payment service, which will compete with Apple Pay and Google Pay.
This was reported by VTimes with reference to the database of the register of applications for registration of patents and trademarks, and then the bank’s representative confirmed the information to RBC.
The same sources told about preparations for the launch of the Tinkoff Kassa online payment system. This service should start working by the end of February. The exact timing of the release of Tinkoff Pay has not yet been announced, since the company is still working on the architecture of the service.
A bank representative told reporters:
We plan to integrate and develop our payment technologies and products. An online payment system will operate under the Tinkoff Kassa brand, and Tinkoff Pay should become its own payment system that will combine various payment instruments: an electronic wallet with bank card tokens, instant online payment for goods and services, tap to phone technology and others. ”
The tap to phone function allows you to accept payments via a smartphone, which acts as a bank terminal.
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