Rietumu Bank has implemented a fundamentally new payment service based on a solution provided by DECTA Processing Centre- now Rietumu Bank clients may remit funds to VISA and MasterCard cards, issued by any bank of any country.
In contrast to other standard remittances, neither the receiver’s account number nor other accompanying information is required. All you need is the card number and the receiver’s first name and surname. The money sent is automatically converted into the currency of the receiver’s country. For example, when the sender makes a payment in EUR but the receiver’s card is in RUB, the receiver will automatically get the equivalent amount in roubles.
The new service can be used by all clients of Rietumu Bank, both private individuals and legal entities. Payments may be made via iRietumu online bank. A commission charge for such payment is 2% of the amount (the minimum amount is EUR 3). In most cases, it is much more beneficial than a charge for a standard bank remittance.