MTS Launches Cash Transfer Service to Four Asian Countries
Users of the Moy MTS app can now send money for cash pickup in Indonesia, Vietnam, Sri Lanka, and Bangladesh.
Funds can be collected in local currency at exchange points across all regions of these countries. The service is aimed at travelers who do not have bank cards or accounts abroad. Transfers can be made from any Russian bank card, e-wallet, or an MTS subscriber account, in rubles with automatic conversion into local currency. Funds become available within 10 minutes. The minimum transfer amount is 500 rubles ($~5), while the maximum is 400,000 rubles ($~4,300).
Users can log into the app using a phone number from any Russian mobile operator. MTS subscribers can send funds even with a negative balance, as long as they are connected to the internet.
In addition, the Moy MTS app allows tourists to pay for purchases using national QR codes linked to Russian bank cards, similar to domestic QR-based payments. This feature is currently available in around 10 countries, including Thailand, Turkey, and Vietnam.
