Alfa-Bank, Renault Taxi, VimpelCom and VISA Team Up for Mobile Credit Card Terminals

MOSCOW ( - Alfa-Bank, one of the largest privately owned banks in Russia, has teamed up with the country's second largest mobile operator VimpelCom, VISA International and Moscow-based Renault-Taxi to install mobile credit card terminals in taxi cabs.

Wireless card payment terminals were installed in all of the 150 cars operated by Renault-Taxi and will be introduced starting this week. The terminals ensure payment data transfer via GPRS modems operating in VimpelCom's network. The four partners will be able to expand the range of their services available to customers. The mobile bank-card terminals are the latest innovation to be launched by VimpelCom and will likely prove popular among corporate customers in Moscow.