“Classmates” launched international money transfers. Now users of the social network can make an international money transfer within the service.
Thanks to a partnership with VTB24 and global payment system MasterCard, the application “Classmates” allows you to make a ruble transfers within social networks in half a dozen countries. Funds credited to the card account in another currency will be converted at the exchange rate of the Bank issuing the card recipient.
In order to send money, the sender needs to choose a recipient from your friends list or directly from the profile of the recipient, then select a card which will be debited for the required amount. The user does not need the card number of the recipient, because the data requested from the recipient.
The service will operate for the residents of 16 countries: Azerbaijan, Armenia, Belarus, Germany, Georgia, Israel, Italy, Kazakhstan, Latvia, Lithuania, Moldova, Romania, Uzbekistan, France, Czech Republic and Estonia. However, the owners of Visa Bank cards to transfer will not be able to function is available for cardholders of MasterCard and Maestro.
“About 11% of people in OK who used money transfers since launch, tried to transfer money to relatives, friends and relatives who are abroad, while the transfers were only possible in Russia. We wanted to make the service convenient for users, therefore, we introduced international money transfers”, — says Arsen Israpilov, marketing Director and business development of the project “Schoolmates”, noting that in the future the list of countries will be expanded.
Remittances in the “Classmates” is available from February 2016. To date, 50% of transfers are carried out from mobile devices, and the other 50% in the web version of the social network.