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Tinkoff created its own service for paying from a smartphone

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Tinkoff Bank has created its analogue of Google Pay – the contactless payment system Tinkoff Pay. The app will be available for Android devices. Now the payment system is still being finalized, and during 2022 and 2023 various elements of the Tinkoff system will be added to it.

With Tinkoff Pay, you can already pay for purchases in more than 30 thousand online stores. Gradually, this number of stores should increase. You can make a purchase in those stores where Tinkoff acquiring is used. In the future, customers of not only Tinkoff, but also other banks will be able to connect to the service.

Tinkoff users will have a choice during payment:

  • Pay the entire amount at once;
  • Pay in installments, using the share service.

In the near future, it should be possible to pay by phone not only online, but also offline. The company also plans to launch payment using biometrics.

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