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News

MTS partners OTI for implementing NFC mobile payment projects in Russia

Friday 14 October 2011 15:36 CET | News

Russian communication group MTS has entered a partnership with On Track Innovations (OTI), a global contactless smart card services provider. Under terms of the agreement, MTS will employ OTI’s Contactless Payment and NFC Add-On (COPNI) mobile payment service for its near field communication (NFC) projects in Russia.

In order to implement its COPNI mobile payments service in Russia, OTI is working with Russian company SITRONICS Smart Technology as its technological partner.

When tapped near a contactless reader, a COPNI-enabled mobile phone can be used in a range of payment transactions that include prepaid, credit and debit, as well as loyalty programs and other NFC-related applications.

MTS’ NFC program first retail application is to be launched in October 2011 as a mobile payment and loyalty program at LUKOIL gas stations.

MTS reportedly has over 100 million subscribers, with over 70 million of them being based in Russia.


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Keywords: MTS, OTI, NFC, mobile payments, Russia, Contactless Payment and NFC Add-On
Categories: Payments & Commerce
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Countries: World
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