VTB (Kazakhstan): volume of outgoing Mir Card transfers exceeded 800 million tenge

Since the launch of the service for outgoing cross-border wire transfers in July of this year, the customers of VTB (Kazakhstan) have made over 5.5 thousand Mir Card transactions to the amount of more than 800 million tenge. The main volume of transactions fell on Russia - 95% of recipients, the rest of transfers included the Belarusian cards’ holders.

The cross-border transfers from Kazakhstan are available to the holders of both virtual and plastic Mir Cards issued by the Bank. In order to use the functionality, the customer just can go to the “Card Transfers” section in the VTB KZ Online Application, enter the recipient’s data and card number and send money. Funds will be automatically converted into the recipient’s card currency. In the first three months of service, the maximum transaction amount was 1 million tenge, the minimum was 1 thousand. On average, the customers transfer 160 thousand tenge within one payment.

Maria Blbulyan, the Director of the Retail Business Department of VTB Bank (Kazakhstan) comments: “The cross-border transfers between Kazakhstan and Russia are very popular today, as they enable to send immediately their funds to friends and relatives in a format familiar to many customers. The outgoing transfer service showed its demand in the first three months - the volume of transactions exceeded 800 million tenge. Currently, the main transfer users are bank customers, whose relatives live or study in the CIS countries. Currently, we fully satisfy the market demand. Over 18 thousand cards have already been issued throughout Kazakhstan, and their number continues to increase steadily every month”.

VTB (Kazakhstan) Mir Plastic Card can be issued at any Bank branch in 17 regions of the country. Its cost will be 2 thousand tenge. Also any customers can apply for and receive a digital card for free. The Bank does not charge a commission for servicing Mir Cards.