Wed, 14th Mar 2018 07:08
PEREKRESTOK, TINKOFF BANK AND MASTERCARD
OFFER CO-BRANDED CARDS TO THEIR CUSTOMERS
The Tinkoff-Perekrestok card will allow its holders to collect bonus points that may be used to pay for purchases at Perekrestok stores or online, with every 10 points equivalent to
"This new co-branded product will help expand the pool of our partner banks, while also attracting new customers to our stores and offering them more favourable purchasing terms," Dmitry Medvedev, Head of Marketing at Perekrestok, commented. "To maximise their benefits and points, our customers will need to make online purchases at perekrestok.ru. We are planning to extend the online supermarket's coverage area to the
"We are happy to announce the launch of our new co-branded Tinkoff-Perekrestok debit and credit cards issued in partnership with the Perekrestok retail chain and Mastercard. Focusing on Perekrestok customers as the primary target audience, these cards offer multiple benefits. They include up to 8,000 bonus points awarded upfront, as well as points given for purchases at stores, gas stations, pharmacies and restaurants, interest accrued on account balance, free cash withdrawals worldwide and many others, making daily purchases more beneficial and convenient," commented Alexander Bro, Head of Partnership and Loyalty Programmes at Tinkoff Bank.
"The market is developing rapidly and today customers expect products and services to meet their needs. Co-branding products are not an exception. Partnerships with large chains and service-providers enable us to take into account the interests of different target audiences and allow them to pay for goods and services in the most convenient, quick and safe way, while at the same time benefiting from additional bonuses," noted Ivan Isaenko, Market Development Director at Mastercard.
No service fees are charged on Tinkoff-Perekrestok debit cards. Cardholders will be able to withdraw cash worldwide with no fees, and can top up their cards at over 300,000 points across
All Tinkoff-Perekrestok cards support contactless payments, including through Android Pay, Apple Pay and Samsung Pay.
Note to Editors:
X5 Retail Group N.V. (LSE and MOEX: FIVE, Fitch - 'BB', Moody's - 'Ba2', S&P - 'BB', RAEX - 'ruAA') is a leading Russian food retailer. The Company operates several retail formats: the chain of proximity stores under the Pyaterochka brand, the supermarket chain under the Perekrestok brand, the hypermarket chain under the Karusel brand and Express convenience stores under various brands.
As of 31 December 2017, X5 had 12,121 Company-operated stores. It has the leading market position in both
For the full year 2016, revenue totalled
X5's Shareholder structure is as follows: CTF Holdings S.A. - 47.86%, Intertrust Trustees Ltd (Axon Trust) - 11.43%, X5 Directors - 0.06%, treasury shares - 0.01%, Shareholders with less than 3% - 40.63%.
Master?ard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Master?ard's products and solutions make everyday commerce activities - such as shopping, traveling, running a business and managing finances - easier, more secure and more efficient for everyone. Follow us on Twitter @Master?ardNews, join the discussion on the Cashless Conversations Blog and subscribe for the latest news.
TCS Group Holding PLC is an innovative provider of online retail financial services operating in
The Group was founded in 2006 by the Russian entrepreneur Oleg Tinkov and has been listed on the London Stock Exchange since October 2013.
With no retail branches, the Group serves its customers remotely via online channels and its call centre, and operates a network of over 1,800 representatives to ensure smooth delivery of its products. The network covers all of
The Group's key business is Tinkoff Bank,
As at 1 October 2017, the bank was the second largest player in the Russian credit card market, with a market share of 11.6%. The 9M 2017 IFRS net income of TCS Group Holding PLC amounted to
Forward looking statements:
This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the fact that they do not only relate to historical or current events. Forward-looking statements often use words such as "anticipate", "target", "expect", "estimate", "intend", "expected", "plan", "goal", "believe", or other words of similar meaning.
By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, a number of which are beyond X5 Retail Group N.V.'s control. As a result, actual future results may differ materially from the plans, goals and expectations set out in these forward-looking statements.
Any forward-looking statements made by or on behalf of X5 Retail Group N.V. speak only as of the date of this announcement. Save as required by any applicable laws or regulations, X5 Retail Group N.V. undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this document that may occur due to any change in its expectations or to reflect events or circumstances after the date of this document.
Elements of this press release contain or may contain inside information about X5 Retail Group N.V. within the meaning of Article 7(1) of the Market Abuse Regulation (596/2014/EU).
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