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Vera Leichenko, Head of Retail Segment Development at T-Bank:
“We see foreigners’ great demand for Russian fintech products. In 2024, the number of T-Bank clients from China increased by 80%. We are adapting our products in an effort to maintain the most comfortable and positive user experience for all our clients, including residents of the PRC. We will continue to study this audience and offer personalized and most useful banking products for them.”
For Chinese citizens interested in doing business in Russia, T-Bank offers opening a current account supplemented with a free online accounting facility for automated reporting. The sales analytics service “Seller” will be useful for those planning to enter marketplaces, and for transactions with China or other countries T-Bank offers the foreign economic activity (FEA) service, which helps to pay for goods and services, as well as convert currency at a budget-friendly rate.