Pay It: Alfa-Bank’s clients now have an opportunity to withdraw and deposit money through ATMs using «Pay» mobile payment services

June 22, 2017 — Alfa-Bank’s Mastercard-holding clients will be able to withdraw and deposit money through ATMs using their phone or smartwatch.

To withdraw or deposit money all you have to do is to put your phone or smartwatch on the NFC sticker and confirm with your fingerprint. You will still have to enter your PIN on the ATM for security reasons.

If you have a few cards uploaded to your «Pay» wallets, the funds will be withdrawn or deposited to the card that is set by default. This card can later be changed manually.

«Alfa-Bank seeks to ensure that our users are the first to receive the best and the newest technological solutions. More and more users move their activity to mobile devices and already have positive experience in quick and secure purchases using contactless services, we decided to give them the opportunity to use their phone or smartwatch to withdraw and deposit funds using ATMs.» — Head of Self-Service Systems Development, Maxim Dareshin.

In the near future the technology will be available for all Mastercard-holding Alfa-Bank’s clients across all equipped ATMs. The functionality will be compatible with cards of other payment systems before end of this year.

At the moment, there are 300 Alfa Bank’s ATM devices that are equipped with this technology in Russia. Before the end of the year Alfa-Bank plans to equip 700 more ATMs and introduce another 400 new devices with this functionality.

Technologically the project was supported by BPC Banking Technologies.