
18:35, 14 August 2018
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Russian MNOs opt out of support of mobile money withdrawals at ATMs

MTS has been supporting the service for a year: it was launched in June 2017, according to the MTS Bank website. Cash withdrawals at ATMs by means of texting to a short number is a very “niche” service, explains MTS representative Aleksey Merkutov. It is relevant if a person who left a wallet and credit cards at home needs a small amount of cash to pay for a trip by metro, for example. However, with the development of digital services, a growing number of subscribers make NFC payments on smartphones and other smart gadgets, while those who were interested in money transfers between mobile and bank accounts started to use the MTS Money application.
Similarly, Beeline Money service launched in 2015 was terminated later. According to VimpelCom spokesman, the service had a number of limitations that hindered its expansion.