UBRD’s Online Payments Peak in June

UrBC, Yekaterinburg, June 20, 2016. 40% of all the transactions performed by the Ural Bank for Reconstruction & Development’s customers in the two weeks of June were carried out online, the bank’s press service reports.

This is an all-time peak, with the previous record set in May 2016, when the share of online payments came to 35%. 80% of all the online transactions are phone and Internet bill payments.

‘Our customers increasingly tend to transfer their money to service providers without actually visiting our branches. The overall share of remote payments (ATMs, POS terminals, e-banking) has increased to 70% of all transactions since the start of the year. The rise was brought about by the increase in the number of e- and m-banking users (up 40% in the course of one year),’ the press service says.

The bank’s customers have made 2.7m transactions worth over 4bn RUR since the start of the year altogether. 62% of their transactions are phone and Internet bills, 15% are housing bills, 11% are tuition fees, and 5% are fines and taxes.

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