In the LPR, following the DPR, cashout also appeared

TsMR-Bank is launching a service in the LPR for withdrawing cash from bank cards at store checkouts. Residents of the DPR were the first to get the opportunity to do this in May through Promsvyazbank (PSB). Experts note that the service is not in great demand in Russia, but in these regions it may become popular due to the poor development of the banking infrastructure.

As Kommersant learned, TsMR-Bank has implemented in the LPR the possibility of withdrawing funds when paying for purchases with a Mir card at the checkout counters of Matryoshka chain stores. The service is currently available in 10 stores, with plans to expand it to 30 stores. Buyers can withdraw from the Mir card of any bank in the Russian Federation from 500 to 5 thousand rubles. per day, subject to the availability of the required amount of funds at the cash desk.

TsMR-bank and Matryoshka do not charge a commission for this service. “The bank that issued the client’s payment card, depending on the terms of service, can set a commission for issuing cash at the store’s cash desk,” the bank clarified. “The service helps residents of the republic save time searching for the nearest ATM, and owners of retail outlets – increase the number of customers and significantly reduce collection costs.” As Olga Goncharuk, director of TC Voyage (Matryoshka brand), explained, each store has dedicated cash desks where cash is issued upon the client’s request.

Cashout is a service that allows cardholders to withdraw money at a store checkout. According to the recommendations of the Bank of Russia, the maximum daily withdrawal limit cannot be more than 5 thousand rubles, monthly – 30 thousand rubles. from one card. To withdraw cash, you need to pay for the goods for any amount at the checkout where this service is available and request cash. The cash amount must be a multiple of 100 rubles. You will also need to enter your PIN code.

In Russia, the service appeared in 2019; in 2020, the Central Bank recommended that banks implement it. According to the regulator data dated July 19, 2023, the number of points where you can withdraw cash at the checkout while making a purchase at the beginning of 2023 amounted to 24.95 thousand, an increase of 122.4% over the year. The volume of transactions was not disclosed.

According to the head of the Financial Innovations association, Roman Prokhorov, the cash-out service currently operates, for example, in the large chains Pyaterochka, Perekrestok, Vkusvill, Billa, Verny, at gas stations of LUKOIL, Rosneft. , Tatneft.

In general, in the “new regions”, Promsvyazbank (PSB) was the first to provide the cashout service. PSB is the only federal bank operating in the new constituent entities of the Russian Federation. In just over a year, the bank has developed an extensive network of presence: 445 branches have been opened in more than 120 settlements and more than 1.6 thousand ATMs operate, including 136 offices and more than 580 ATMs in the LPR.

“More than 20 thousand retail outlets throughout the new regions have installed PSB payment terminals, while in the LPR more than 4 thousand retail outlets accept payments by cards,” PSB indicated. “In May, the bank launched a service for issuing commission-free cash on cash desks, regardless of the bank that issued the card, in the largest network of gas stations in the DPR.” PSB clarified that they plan to develop the service in other regions. Since the start of work in the DPR, LPR, Kherson and Zaporozhye regions, PSB has issued more than 3.2 million cards, including salary and credit cards, of which almost 1.2 million cards were issued to residents of the LPR.

Experts see prospects for promoting the cashout service in the LPR, DPR, Kherson and Zaporozhye regions. “In general, in Russia the service is clearly not considered to be in high demand – according to various estimates, about 0.1% of clients used it,” notes Roman Prokhorov. “The main demand is in locations where there is no or limited ATM infrastructure. We believe that in the LPR the service will be in higher demand, taking into account the limited ATM network and the higher demand for cash, the share of which in payments in the region is higher than the Russian average.”

An independent expert on the payment card market, Dmitry Vishnyakov, notes that when promoting such a service, banks can save on investments in the ATM network and offer cash withdrawals in the retail network, possibly for a fee.

Ksenia Dementieva, Maxim Builov, Olga Sherunkova