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October 26, 2011updated 04 Apr 2017 1:06pm

Citi launches One Bill service in Russia for automatic payment of utility bills

Citibank launched One Bill service in Russia that will enable Citi customers to automatically pay all of their utility bills with no commission. One Bill will enable Citi customers to pay their utility bills on Moscow real estate along with the city landline telephone (MGTS), and electricity bills from OAO Mosenergosbyt, by automatic charges of respective bill sums to Citi credit or debit cards.

By Meghna Mukerjee

Citibank launched One Bill service in Russia that will enable Citi customers to automatically pay all of their utility bills with no commission.

One Bill will enable Citi customers to pay their utility bills on Moscow real estate along with the city landline telephone (MGTS), and electricity bills from OAO Mosenergosbyt, by automatic charges of respective bill sums to Citi credit or debit cards.

Amit Sah, head of consumer banking at Citi’s local Russian unit, ZAO Citibank, said, “Based on the advanced technologies available through our internet banking platform, we were among the first to offer our clients the opportunity to pay their telephone, television, and utility bills.

“This convenient and innovative service has gained immense popularity: the number of utility payments made through distant channels over the latest six months has increased by 30%. One Bill is the extension of this project and offers an efficient utility payments solution to our clients.”

Two days prior to the upcoming payment of utility and telephone bills, the customer will receive an SMS notification about the payment and its amount.

A customer does not have to own an apartment in order to use the One Bill service. Citi customers may sign up to automatically pay their parent’s, friends’, relatives’ bills as well.

Automatic charges will be made for the exact sum due for payment during the given period.

Currently, Citi has over 55 retail branches and more than 3,000 employees across Russia. Citi entered the Russian banking market by setting up a local bank, ZAO Citibank, in 1993.

 

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