VTB clients had access to banking services through a Telegram Bot. You can transfer money via the Fast Payment System(FPS) or top up mobile phone bills. VTB identifies the new banking system as Telegram service This unique feature is applicable to both domestic and international financial markets. The bank intends to gradually expand the functionality of this bot.
According to the bank’s press release, at this stage, you can view the balance of your cards and accounts as well as transfer money using SBP or replenish mobile accounts. The bank will soon be able to accept payment via QR codes. The bank will allow you to view transactions history, make payments in batches, and transfer funds between accounts. Access to all banking services will be available by the end this year. All operating systems that support Telegram will have access to these functions. The bot will be able replace the Apple App Store application.
VTB claims that the new service is secure because financial transactions are not handled through Telegram. “The web widget technology used in the bot does not send any sensitive data to the messenger. The client, in fact, gets access to the online bank through Telegram, and all operations are carried out on the side of the bank, and not in the messenger, ”- The financial institution should be notified.