Sberbank upgrades mobile app by adding auto-repayment of credit debt

Sberbank upgrades mobile app by adding auto-repayment of credit debt
05.07.2018 05:31 am

Sberbank upgrades mobile app by adding auto-repayment of credit debt

Banking

Sberbank has launched a service that allows clients to set up automatic repayment of credit card debt. 

It allows payment dates to be tracked and debt to be paid off on time. The function can be found in the online and mobile application versions of Sberbank Online.

The autorepayment service sends the client an SMS about forthcoming withdrawal of funds a few days prior to the payment date. If the client does not reply to the SMS, funds will be withdrawn automatically. To activate the service, simply select the debit card that funds will be withdrawn from to pay off the credit card debt every month.

“We created the credit card autorepayment service at the request of our clients. It checks whether the client has debt helps make payments on time. It is very relevant for clients who plan to go on holiday and don’t want to worry about repaying their credit card debt away from home,” commented Igor Kovalev, Executive Director of Sberbank Borrow and Save Division.

Related News

Saxo Bank launches new platform for investors in Denmark

Saxo Bank, the leading Fintech specialist focused on multi-asset trading and investment, launches a new user-friendly and simpler platform tailored to the growing segment... Read more »

Integral Partners with Moscow Exchange (MOEX) to Deliver Access to Better Liquidity and Higher Performance

Integral (www.integral.com), the technology partner trusted by leading banks, brokers, and asset managers to help them... Read more »

Mobey Forum Launches Digital ID Expert Group

Mobey Forum, the global industry association... Read more »

Five Degrees and ieDigital partner to create one of the most comprehensive digital banking solution for the market

Five Degrees, the Dutch FinTech specialising in digital core banking software, and ieDigital, the UK market leader in digital engagement for financial institutions, together... Read more »

Zero Raises $16M And Launches Debit-Style Banking Experience With Cash Back

Today, Zero Financial, Inc. (Zero) announces that it has raised a total of $16 million in equity and debt funding to date from leading investors including Eniac Ventures, NEA,... Read more »

AVALOQ wins the prize in the BLOCKCHAIN category at the Banque & Innovation 2018 trade fair for its crypto investment solution

The Banque & Innovation awards recognise innovation and performance by companies presenting products or services directly related to banking innovation. Avaloq, a leading... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App