Mastercard, Alfa-Bank launch new money transfer service using token technology
<p> MINSK, Oct 19 - PrimePress. Mastercard international payment system and Belarus’ Alfa-Bank have launched the country’s first money transfer service with tokenization technology. </p> <p> </p> <p> Users of Apple Pay with a card issued by any Belarusian bank linked to the application can try out the solution, said Mastercard’s press office in Belarus. </p> <p> </p> <p> The new money transfer service operates using tokenisation technology based on the Mastercard Digital Enablement Service (MDES) platform. </p> <p> </p> <p> When transferring money using a token solution, the fee remains the same as for an ordinary phone number transfer: 1% of the transaction amount + Br0.5. </p> <p> </p> <p> Alfa-Bank (Belarus) was established in 1999 (referred to as “International Trade and Investment Bank” until November 2008). Alfa-Bank holds 55.07% of the shares and ABH Belarus Limited holds 44.81%. The Bank offers its services through its central office in Minsk and 42 branches and remote workplaces in all regions of the country. End </p> <p> </p>
2021-10-20
Primepress
Mastercard, Alfa-Bank launch new money transfer service using token technology
MINSK, Oct 19 - PrimePress. Mastercard international payment system and Belarus’ Alfa-Bank have launched the country’s first money transfer service with tokenization technology.
Users of Apple Pay with a card issued by any Belarusian bank linked to the application can try out the solution, said Mastercard’s press office in Belarus.
The new money transfer service operates using tokenisation technology based on the Mastercard Digital Enablement Service (MDES) platform.
When transferring money using a token solution, the fee remains the same as for an ordinary phone number transfer: 1% of the transaction amount + Br0.5.
Alfa-Bank (Belarus) was established in 1999 (referred to as “International Trade and Investment Bank” until November 2008). Alfa-Bank holds 55.07% of the shares and ABH Belarus Limited holds 44.81%. The Bank offers its services through its central office in Minsk and 42 branches and remote workplaces in all regions of the country. End