Card registration (MFO)

For microfinance organizations, card registration acts as verification: the card is bound to the borrower and the payment system confirms ownership. This reduces the risk of disbursing a loan to someone else’s card.

MFO specifics

• Card check before disbursement: valid and owned by the borrower
• The binding is used for loan disbursement and subsequent charges
• No re-registration needed for the next loans
• Cards issued by any Russian bank are supported