Starting today, the card is available in MegaFon stores for residents of Moscow and the Moscow region, St Petersburg, Yaroslavl, Tver, Kaliningrad, Murmansk, Arkhangelsk and Vologda. It will be available for everyone in Russia from 1 October. The cards are equipped with innovative MasterCard contactless payment technology. The first to obtain this unique new card were 2016 Olympic gold medal-winning fencers Sofya Velikaya, Yana Egorian and Yekaterina Dyachenko, as well as famous saxophone player Igor Butman.
Main benefits of the card
Thanks to the MasterCard MegaFon card, subscribers will for the first time make money on the balance left on their mobile account. Interest will be paid monthly on account balance at an annual rate of 8%.
When paying for goods and services by card, holders will be able to get up to 10% of the value of their transaction back from project partners (in the Shokoladnitsa chain of coffee shops, Wabi Sabi restaurants, Expeditsiya stores, Chugunny Most restaurant and more).
To send money to another MegaFon subscriber, simply top up their mobile account as usual (through a terminal, ATM, online bank, branch, etc.) and the money appears on their card instantly and commission-free. It makes no difference where they are in Russia or the world.
MegaFon cards are issued by Round bank. They comply with all bank card security requirements. MegaFon will also activate a free service for all users that blocks unintentional subscriptions. As such, cardholders will be guaranteed protection from unwanted transactions debiting money from their mobile accounts.
“MegaFon has given its customers the unique opportunity to make free use of their mobile balance: pay for purchases, transfer money and earn interest. We already have more than 76 million subscribers; all they need to do is get a card, and with it, the key to the money on their mobile account,” said MegaFon CEO Sergey Soldatenkov.
“The spread of cashless payments is good for business, consumers and the country overall – this is why in Russia we are making every effort for e-payments to replace cash, and for payment technologies to be as widely accessible as possible. At MasterCard, together with our partners, we create innovative solutions that make solving everyday issues easier,” said Alexey Malinovsky, General Manager of MasterCard in Russia, Kazakhstan, Belarus and Armenia. “With the new MegaFon card, Russians have obtained a new interesting opportunity to go cashless – they can pay using funds from their mobile account, save money, get cash back and make purchases in one touch with MasterCard contactless in a fast and secure way.”
How to get a card
It’s very easy to get a card. Any MegaFon subscriber can apply for one at any MegaFon store in just a few minutes. All they need is their passport. Each account can have up to ten cards for the whole family. Cards are free for subscribers using the All Inclusive tariffs; for other tariffs, the card costs from 99 rubles. Once obtained, cards must be activated by calling 5555. Any issue with the card can be resolved by calling this number as well. A special mobile app has also been created for users’ convenience – MegaFon Bank – which is available on Android, iOS, Windows Phone and on the site bank.megafon.ru. In the app users can track all incoming and outgoing money, make transfers, pay for goods and services and much more.
How to top upTo top up the card, simply top up the mobile phone account balance like usual: through a terminal, automatic top-up, online bank or at a MegaFon store.
How to use itThe MegaFon card can be used to pay like a normal bank card in restaurants, shops, cinemas and anywhere else and also to shop online.
The card might be useful: