Yesterday, the well-known Russian Internet provider Yandex announced that they will be releasing Yandex.Money cards for their customers. Users of these new cards can acquire a free MasterCard debit card that can be tethered to their Yandex.Money account. This new system can be used to purchase items both on and offline.
The new Yandex.Money card is accepted all around the globe and can be used in any store or restaurant where payment via MasterCard is accepted. Yandex.Money cardholders can also withdraw cash from any ATM using a PIN that the users can request from Yandex. This way, the Yandex.Money card is great for traveling purposes, because it stands alone and does not interact with any other cards or accounts the user owns.
Natalia Khaitina, Deputy CEO of Yandex.Money, gave the following statement while discussing the new Yandex.Money card:
“Yandex.Money now takes a leap from the internet to the offline world. Instead of carrying cash in your wallet, you can now have a Yandex.Money card to do your shopping offline as safely as you do it online. Yandex.Money is a convenient way to pay anywhere you go.”
This new quality card from Yandex is issued for a three-year period including no service/transaction fees (other than a cash withdrawal fee of 3% plus 15 rubles).
Yandex.Money cardholders have the advantage of easily tracking their transactions through the Yandex.Money website or by subscribing to text alerts. The Yandex.Money website also provides users around the world to buy a Yandex.Money card, because it is open to everyone and not just the Russian public and is issued by Yandex‘s partner bank, Tinkoff Credit Systems.