Tinkoff Business Opens an Account for Its First Foreign Customer, Thai Office of Aviasales

Tinkoff Business Opens an Account for Its First Foreign Customer, Thai Office of Aviasales
31.08.2020 01:01 pm

Tinkoff Business Opens an Account for Its First Foreign Customer, Thai Office of Aviasales

Payments , Banking

Tinkoff Business started opening accounts for foreign companies operating in Russia and businesses launching branches abroad.

The first customer to benefit from these services is Aviasales, the world’s largest independent travel search service, which, in addition to its Russian accounts with Tinkoff, decided to get involved in a payroll project for its Thai office. Tinkoff Business opened a current account for the company and helped deliver payroll cards to Phuket, Thailand. 

Under the project, Thai employees of Aviasales have their wages credited to Tinkoff cards in US dollars and can withdraw them in local currency (bahts). Tinkoff also grants them special terms on deposits and loans and does not charge an annual fee on their Tinkoff Black cards.

The company's employees enjoy all the Tinkoff Black card benefits, including:

  • 3.5% per annum accrued on the account balance and an up to 30% cashback in one of 30 currencies;
  • switching between foreign currency accounts in the mobile app and currency purchases at a rate close to the FX trade;
  • withdrawals in any of the 30 card currencies* from ATMs globally;
  • finance management in the app;
  • issuing additional cards to the family. The cards are linked to the account and may be used both in Russia and worldwide.

Tinkoff Business, which serves 600,000 accounts of Russian businesses, now offers accounts and payroll projects to foreign companies that operate in Russia, among other countries. The benefits include:

  • free payroll service regardless of the number of cards;
  • salary transfer against the payroll and the payment of personal income tax in the app, with an option to add new staff and view all transfers;
  • immediate crediting of salaries;
  • individual terms for foreign businesses and card delivery across the globe.

Fedor Bukharov, Vice President at Tinkoff, Head of Tinkoff Business: Our technologies have no boundaries enabling employees of our payroll customers to get their wages both in roubles in Russia and in the most advantageous foreign currency wherever they work

With digital banking gaining traction, modern businesses can arrange for their people to work from any corner of the globe, which makes our payroll project a convenient option for them.”

Mikhail Arutyunyan, Aviasales CFO: There is nothing like Tinkoff products in Thailand, which puts our payroll project with this bank two steps ahead of local solutions. On top of that, a card from the Russian bank is indeed a viable option for our people to maintain social ties with their family and friends at home.”

You can sign up for a payroll project online or via your personal manager if your company uses Tinkoff Business.

 

*ATM withdrawal limits and certain payroll card terms are defined in the payroll project terms.

Related News

SWIFT Announces a New Strategy for Instant, Frictionless Payments and Securities Processing

SWIFT announces that over the next two years and beyond it will fundamentally transform payments and securities processing, retooling cross-border... Read more »

EBANX and Amazon Announce Partnership in Colombia During the Latin America Summit

EBANX and Amazon announced a partnership in Colombia this Thursday, September 17, 2020, at the chapter one of the... Read more »

Openpay Makes Marquee Signing with Fulham Football Club

Openpay, the UK’s latest next-generation, interest-free payment solution, has announced Fulham Football Club as the latest addition to its... Read more »

MeaWallet Introduces New SoftPos Solution MeaPay to Enable Contactless Payments

Accepting contactless payment can be a headache for any small business, store, or independent worker who must buy or lease expensive and cumbersome payment hardware. MeaPay... Read more »

Number of Month-on-Month Mobile Money Transactions Increase in Somalia Despite COVID-19 Pandemic

Somalia’s largest private employer and leading telecommunications operator, Hormuud Telecoms, has announced that the numberof month-on-month mobile money... Read more »

MYPINPAD Partners with EVO Payments for VISA Tap to Phone Technology

MYPINPADthe global leader in secure personal authentication... Read more »

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