How The CONTACT Money Transfer System Works

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How The CONTACT Money Transfer System Works
How The CONTACT Money Transfer System Works

Video: How The CONTACT Money Transfer System Works

Video: How The CONTACT Money Transfer System Works
Video: Money Transfer Explained 2024, November
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CONTACT is the largest payment and transfer system in Russia, which allows you to make transactions not only within the country, but also abroad. The company offers clients a wide variety of financial services.

How the CONTACT money transfer system works
How the CONTACT money transfer system works

About the CONTACT system

The CONTACT payment platform was launched in 1999 and is currently the leading money transfer system in the Russian Federation. Its owner is the QIWI group, and the system operator is QIWI Bank JSC, which performs information, technical, settlement and clearing functions. In addition, the organization's settlement centers are VTB and FC Otkritie banks.

Currently, the majority of international transfers are made through the CONTACT system. More than 900 financial institutions operate in the world, acting as partners of the system. The latter also includes over 500,000 service points around the world, which include payment terminals, bank branches, offices of payment agents located in 170 countries.

"CONTACT" supports most of the modern forms of receiving and sending money transfers. In addition to cash transactions between individuals, CONTACT allows you to make transfers to the accounts of legal entities and individuals in any banks around the world. It also provides for replenishment of bank cards from international payment systems VISA, MasterCard and UnionPay.

In addition to money transfers without opening a personal account, customers of CONTACT partner banks are given the opportunity to make payments in favor of 2500 various legal entities, including trade and commercial enterprises, travel and insurance companies, Internet providers, telecom operators and others.

The total number of requests for transfers and payments within the CONTACT system reaches several million annually. The platform received an award for the quality of service in 2014 and is a three-time winner of the prestigious "Brand No. 1 in Russia" competition, taking the leading position in 2011-2013.

Money transfers and payments through the CONTACT system

You can transfer funds through the CONTACT payment system by contacting one of several hundred thousand offices in Russia and abroad. The advantage of the platform lies in the high speed of funds crediting and low service fees.

Citizens interested in receiving financial services should visit any of the official service points. To complete the transfer, it is enough to inform the operator of the recipient's passport data. There is no need to fill out a service agreement and become a regular customer of the company: the service is provided only once, and the operator is responsible for filling in all the necessary data.

Upon completion of the procedure, the client is given an individual transfer number, which must be communicated to the recipient. At this number, the latter can receive cash in the appropriate amount, informing the combination to the employees of the nearest CONTACT office. In addition, the transfer and receipt of funds can be carried out by clients on their own using the company's special terminals. Transfers in rubles, US dollars and euros are available. There are no restrictions on the amount paid. For more information about the operation of the system and the current tariffs, please visit

Through the CONTACT system, payment for goods and services of over 1500 companies around the world is also available. This includes paying off consumer loans, paying for satellite and cellular communications, television and the Internet, buying tourist trips, air and railway tickets, and hotel rooms. Finally, customers are given the opportunity to replenish electronic wallets in payment systems that act as CONTACT partners. To perform any of the listed operations, it is enough to visit one of the CONTACT payment acceptance points during its opening hours.

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