YEREVAN, October 25. /ARKA/. Russian VTB Bank has launched a cross-border money transfer service by phone number to so-called ‘friendly’ countries, TASS reported citing the press service of the bank.
“VTB has launched its own service of cross-border money transfers by phone number to friendly countries, the first of which was Armenia. Russian clients of VTB will be able to instantly send money to an account or banking card of an individual customer of VTB Bank (Armenia) by his/her cell phone number,” the press service said.
The money transfer is made through “VTB Online” app from the ruble account opened with the bank of the individual client. Crediting to the recipient’s card or account is made immediately in the currency of the recipient.
The conversion rate into the local currency is calculated at the time of the transfer and is fixed at the rate of VTB Bank in Armenia, the press office said. Now, the service can be used through the Internet Bank or the ‘VTB Online’ application for devices based on Android.
The maximum amount of a money transfer is 50 thousand rubles a day and 300 thousand a month. Commission is 1% of the amount transferred.
VTB had previously launched money transfer service in local currencies to Azerbaijan, Armenia, Belarus and Kazakhstan by bank details. -0-
