MTS Bank implements a service of direct cross-border transfers to cards of Ipoteka-Bank of Uzbekistan

Tashkent, Uzbekistan (UzDaily.com) -- PJSC MTS-Bank implemented an ecosystem service for money transfers by mobile phone number to bank cards of Ipoteka-Bank Uzbekistan. The relevance of the development of this area for the implementation of digital financial services of MTS Bank is dictated by the increased interest of Russians in tourism to Uzbekistan.

As part of the implemented service, the users can replenish both the users own bank cards and cards of relatives and friends. The currency of crediting depends on the currency of the bank account opened for the card.

The users can make a transfer of a scart card of any Russian bank, an electronic wallet account, as well as a personal account of an MTS individual subscriber. Transfers are made in rubles with subsequent conversion and payment in the account currency. MTS Bank does not charge a fee for sending transfers. The enrollment is instant.

The minimum amount of a single transfer is 50 rubles, the maximum is 300,000 rubles.

To make a transfer, the users need:

In the MTS Bank application, select the "Payments" tab, then - "Transfers to the CIS / Far Abroad", then - "Ipoteka-Bank Uzbekistan".

Enter the user’s phone number and indicate the transfer amount. Before the operation, the user will receive full information about the amount of the transfer and the amount to be credited in the currency of the account opened for the card.

“As part of the implementation of the strategy for organizing direct cross-border transfers, the introduction of the service of transfers to citizens' cards opened in Ipoteka-Bank expands service opportunities for the widest range of customers,” commented Mikhail Sharakin, head of the partner network development and integration connections teams at MTS Bank. – Our service solutions in the field of providing instant money transfers cover a large network of partner banks in Uzbekistan. We are pleased that Ipoteka-Bank, the flagship of the Uzbek financial system, has become our new partner bank. I note that at the end of 2022, the volume of money transfers to Uzbekistan increased by more than 2.5 times, which reflects the increased volume of economic cooperation between the two countries, as well as the increased interest in the country in terms of tourism.”

“Cooperation with MTS Bank has become another step for us to implement high-quality service solutions for a wide range of our clients,” commented Alik Stepanyan, Director of the Retail Business Department at Ipoteka-Bank. “We are pleased to provide Ipoteka-Bank customers with the opportunity to receive money transfers in a few seconds without visiting the bank.”

JSCIB "Ipoteka-bank" is a universal commercial bank of Uzbekistan, and is among the top 3 largest banks in Uzbekistan.

Previously, MTS Bank implemented instant transfers to bank cards of the CIS countries: national cards HUMO, Uzcard of Uzbekistan, Korti milli of Tajikistan, Elcard of Kyrgyzstan, all cards of Armenia (including ArCa), cards of Kazakhstan and Azerbaijan. Transfer services by phone number to CIS banks are also actively developing (Uzbekistan - 30 banks, Kyrgyzstan - 4 banks, Tajikistan - 13 banks and financial organizations, Armenia - 2 banks). In addition, the bank is developing a service for transfers abroad with the receipt of funds in cash through the international money transfer systems Contact, Unistream and transfer services Granat, Asia Express.