Mastercard may launch an e-tipping platform - Information portal

Mastercard may launch an e-tipping platform

04 Февраля 2020, 09:33
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Mastercard may launch an e-tipping platform

858x429.jpgMastercard plans to launch a cashless tipping platform in Russia. A similar facility was implemented by Visa in the summer of 2019 in collaboration with the Russian Standard. Other banks may not participate in it.

According to RBC sources, Mastercard is developing the service independently, with all interested banks being able to join. The platform launch is scheduled for late 2020. The tipping procedure is expected to be similar to the one implemented by Visa: the waiter enters the chosen amount on the POS terminal, and the client simply taps a card to complete the payment.

The Mastercard tipping platform has been operating in the Ukrainian market since spring 2019: the waiter selects the “Payment with Tip” option in the payment terminal menu, enters his/her unique ID and the amount of the order. Then the terminal offers to select the size of tips – 5%, 10%, 15% or any other amount at the client’s discretion.

“We are exploring the feasibility of cashless tipping service implementation in Russia to make cardholders’ tipping experience as quick and comfortable as payments for purchases,” said a Mastercard spokesman.
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