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“Mail of Russia” will launch Apple Pay competitor for 1.4 billion rubles

“Mail of Russia” plans to launch its own payment system. To create a competitor to Apple Pay and Samsung Pay is expected to certify by mid-2018, the maximum contract price is more than 1,4 billion roubles.

“Mail of Russia” published on the website of public procurement request for the establishment of the payment system and the provision of it support. Accepting applications for participation in the tender will last until July 21 of this year.

Purchase “Mail of Russia” suggests “the creation of the associated payment functions (payment system), and the provision of services to support their application software,” had been documentation on the procurement website.

According to the Deputy Minister of communications and mass communications Mikhail Evraev, the payment system is developed by “Mail of Russia” to create new channels to provide services. For example, he cited banks, retailers, kiosks, mobile channels, etc.

Its own payment service will allow “Mail of Russia” to develop the direction of money transfers, payment of fines, taxes and utilities, the sale of goods in online store “Postmarket” and others.

Part of the cost of implementing the system will take “Mail-Bank”, which the Department is developing jointly with VTB. The company expects that the basic measures on creation of the service will be completed by the middle of next year.

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