Tinkoff has launched the market’s first payment sticker, “Tinkoff Pay,” for contactless payments using a smartphone. By attaching the “Tinkoff Pay” sticker to a phone or case, users can make purchases and withdraw cash from ATMs contactlessly, which is especially relevant for iPhone users.
The “Tinkoff Pay” sticker features multiple security layers similar to those used in bank cards, including PIN code setup, spending limit configuration, and transaction restrictions. In case the sticker is lost, it can be blocked.
The sticker, which supports the “MIR” payment system, is linked to an account and is available for Tinkoff Black debit cards. There are also plans to enable sticker settings via the bank’s app.
Currently, the sticker is being tested by Tinkoff bank employees, and it will be available to the public in January 2023.