Touch Bank, a digital-only bank launched last year in Russia, already claims 70,000 clients across the country, with the customer base growing at an average rate of 10,000 new customers a month.
While initial launch products for the Russian market were credit card, cash loan, deposit account, and current account, as well as a cash-back loyalty program, the bank has gradually started offering loans, and so far has extended credit lines in the amount of €15 million.
Some of the bank’s products has an innovative and unique value proposition in the Russian market and even globally, notes BankNXT, an international online community for innovative financial professionals.
In an interview with BankNXT, Touch Bank’s CEO Andrei Kozliar talks about what it is like to get a finch startup going in the Russian market in particular, and acknowledges the advantages of being supported by a larger organization.
Touch Bank CEO Andrei Kozliar on how to create a digital-only bank in RussiaRead More
