Credit Bank of Moscow announces the market launch of “tap and go” payment rings

By means of this accessory you can pay for your purchases through a payment terminal with contactless technology of payment.

When your purchases exceed 1000 roubles, you will be required to enter your PIN-code. In the event of lost, it will be enough to contact your bank for blocking your ring, herewith you can continue using your bank card.

You can link up your payment ring to your current bank card, as well as apply for a card and a ring all at the same time. Time of ring manufacture is up to 5 working days. You can apply for a ring in the branches specified on the bank website and receive it in any accessible office.

“Payment rings are made of shock-resistant waterproofing ceramics and provided in some design solutions and colours. From May, 17 payment rings will be made available for the general public of bank clients; everyone will be able to get it”, made a comment Aleksey Kosiakov, Deputy Chairman of the Board of Credit Bank of Moscow.

Besides, when applying for a payment ring, client is provided with the banking package “Respected client” per annum at no additional charge.

Detailed information about payment ring options you can find at:

Visa estimates the benefits from cashless economy
Roubini ThoughtLab, a research firm, carried out a global study Cashless Cities to the order of the Visa company. The study revealed that cashless economy has great potential in our society. The benefits of mass e-payment technology adoption in Moscow and St.
China UnionPay, the largest payment system in the world, hits the European market
China UnionPay, a Chinese payment system which is the largest credit card issuer in the world, is preparing for issuing their cards in Great Britain.
PayRing payment rings can now be purchased at Moscow Credit Bank offices
PayRing payment rings can now be purchased at Moscow Credit Bank offices. “You will not slow down the line while fumbling around in your bag for the purse or card: the line will slow down itself to take a look at how easily you are paying with your ring.