Cyberplat announced yesterday that Visa cardholders in Russia can now replenish their bank accounts using Cyberplat’s cash payment terminals and ATMs. Cyberplat, a competitor of Qiwi, has the second largest payment teminal network in Russia and some of the other former Soviet republics, with over 480,000 machines.
In order to replenish their account, users just have to enter their Visa card number on the interface of a payment terminal or ATM and insert the necessary amount of money.
The process is carried out via a special gateway in the Cyberplat system, which allows almost instantaneous transmission of data on the operation of replenishing a particular card to the issuing bank. With certain banks, however, the funds may not be credited to the user’s account immediately.
Last year, Cyberplat launched a virtual Visa card, allowing its users to pay for goods or services offered online after filling an account through the Cyberplat network.
A Russian invention of the early 2000s, payment terminals were initially designed to pay cash for mobile phone and utility bills. Now they are used to pay for virtually everything, including fines and orders at e-commerce sites. Qiwi, Cyberplat and Elecsnet, the main players on the market, have developed their networks to such extent that one can now find these machines on virtually every street, corner, or metro station in Russian cities.
