Citibank launched One Bill service in Russia
that will enable Citi customers to automatically pay all of their
utility bills with no commission.

One Bill will enable Citi customers to pay
their utility bills on Moscow real estate along with the city
landline telephone (MGTS), and electricity bills from OAO
Mosenergosbyt, by automatic charges of respective bill sums to Citi
credit or debit cards.

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Amit Sah, head of consumer banking at Citi’s
local Russian unit, ZAO Citibank, said, “Based on the advanced
technologies available through our internet banking platform, we
were among the first to offer our clients the opportunity to pay
their telephone, television, and utility bills.

“This convenient and innovative service has
gained immense popularity: the number of utility payments made
through distant channels over the latest six months has increased
by 30%. One Bill is the extension of this project and offers an
efficient utility payments solution to our clients.”

Two days prior to the upcoming payment of
utility and telephone bills, the customer will receive an SMS
notification about the payment and its amount.

A customer does not have to own an apartment
in order to use the One Bill service. Citi customers may sign up to
automatically pay their parent’s, friends’, relatives’ bills as
well.

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Automatic charges will be made for the exact
sum due for payment during the given period.

Currently, Citi has over 55 retail branches
and more than 3,000 employees across Russia. Citi entered the
Russian banking market by setting up a local bank, ZAO Citibank, in
1993.