Press

The market of money transfers is growing rapidly. The reason is evident, if under the Soviet government the necessary sum «limps» from one side of Russia to another for a week, nowadays the banks are ready to transfer money to any point on the planet within minutes, as well as to pay for goods and services using the Internet. It is essential though that the clients should not afraid of using the new technologies.

Around the world for 15 minutes.

A few years ago the money could be sent only by post and about the possibility to send money abroad nobody could even dream of. The situation changed as soon as the banks entered this business. Even the post became quicker; the money is to be delivered to the addressee within maximum 3 days. And money transfer systems promise in their advertisement booklets to deliver money within minutes. The international grandees of this market are Western Union and MoneyGram. The offices of these companies operate practically in all more or less big cities of the world. But for extensive subsidiary network they have to charge high tariffs.

The Russian money transfer systems are not numerous abroad. Primarily they operate in CIS and Baltic countries, China, Vietnam and countries where the considerable expatriate communities live: USA, Canada, Israel, and countries of Western Europe.

The distinct advantage of Russian money transfer systems is the low fee: the tariffs to transfer in Russia are around 1-3%, abroad-around 3%. The foreign money transfer systems are ready to do such a service but it costs 1.5-5 times higher.

To find offices where it is possible to transfer money is not difficult. The money transfer systems conclude contracts with banks; therefore almost every bank has at least one system for transferring money and big credit institutions often have several.

As far as the competition on the market of money transfers is fierce, the systems try to low their tariffs and improve the quality of services provided. The latest example is that from 15 of February The money transfer system Leader transfers money from Moscow offices of «Incredbank» around Russia and to Armenia only for 0.95% from the transfer sum. As the experts think it is not the limit.

For mobile clients, banks and transfer systems provide more convenient services. For instance internet-banking. The essence is that the client is able to control its account over the Internet. Internet-banking is most popular among clients who have the salary accounts,- tells in bank «Uralsib». Because in this case, the account is regularly refilled and one is able to pay for goods and services not withdrawing cash.

For Notice - Virtual Purse.

It is often that one pays over the Internet for mobile phone, Internet, communal services and electricity. The purchase in internet shops is also increasing. In one word, using the Internet banking a person gets the opportunity to live a full life not leaving its home.

To acquire this life style it is necessary to have a computer and Internet access, as well as to have the possibility to get to the bank in order to conclude the contract. The procedure to pay for services and goods is very easy: enter the Internet, enter your key-password and transfer money wherever you want.

And if you have not got the plastic card, it is rational to use the other systems of internet-payments such as WebMoney, Yandex Money, PayPal, E-gold. The person opens its virtual purse and sends money to it. And it may be done differently: to activate the acquired payment card, by bank or post transfers, using cash in terminals – it is usually used to pay the service fee for mobile phones. From the illegal access the account is protected by the password and the multy-level security system.

The payment system enables to receive funds from other purses. For this transaction the payment system takes about 0.5%. And if you wish to take cash; first of all you should transfer it to the ordinary bank account.

The expert opinion.

Maria Mihailova, the marketing director of payment system “Gold Crown”: The new technologies actively enter the market of money transfers, which enable to use for sending and receiving money plastic cards and the self-service equipment (cash machines, equipment with the function to receive money). It enables to considerably enlarge the infrastructure of services, to make services more accessible and convenient.

Concerning the sector of internet-payments, one may say that this market segment is developing rapidly. The main tendency is the refusal from the so called “electronic money” and the unsafe payments using the banking cards and switch to the cashless settlements from the bank account with the help of the technology of electronic digital signature. This is the way how the vast majority of internet-payments are performed all over the world.

Aleksandr Strunnikov. // Komsomol'skaja pravda in Kaliningrad (Kaliningrad).- 30.03.2007.- 045.- C.34.