“Magnit” will stop the work of Magnit Pay
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The retailer “Magnit” from March 27 will suspend the work of Magnit Pay payment cards. From Monday, all cards will be unavailable for use, so customers are asked to withdraw the balance of money from the card. The company’s press service told TASS that the service could be restarted in the future.
Magnit Pay was launched jointly with VTB in December 2020 as part of an application based on the Magnit loyalty program. Magnit Pay card can be used to pay for purchases in the Magnit network, as well as in other stores. In 2021, the company announced plans to launch non-financial services in its application, including ordering a taxi, booking restaurants, and ordering food delivery.
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