Citibank launches m-banking service in Russia

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ZAO Citibank, a fully owned subsidiary of Citi in Russia, has launched Citi Mobile, a mobile version of internet banking. Customers don’t need to install an additional application on their mobiles to use it.

ZAO Citibank said that Citi Mobile allows customers to check account balances, pay bills, transfer funds including a local currency transfer to another bank in Russia, open a time deposit, and obtain information on Citibank’s currency exchange rates.

The mobile platform protects confidential information when accessed on-line, according to ZAO Citibank. All information is encrypted and transmitted via SSL-protocol and the banking session terminates if the client has been inactive for more than five minutes.