OREANDA-NEWS. May 10, 2011. In the first quarter of this year, the amount of clearing transactions using VAB Bank’s payment cards reached UAH 100 million, with the number of transactions growing 16% versus Q4 of 2010. The number of transactions overseas, accounting for almost a half (46%) of the total transactions of VAB Bank, saw an 18% growth, reported the press-centre of VAB Bank.

“We are pleased to note that our clients are acquiring a good habit of paying with cards for purchases and services.  Consumers are expected to further shift their preferences towards non-cash settlements.  Some have already decided against taking cash while going shopping.  In addition, VAB and international payment systems with whom VAB Bank issues its cards – which for that reason are freely accepted abroad – launch numerous promotion campaigns motivating customers to pay with cards.  It is always pleasant to receive unexpected gifts, and particularly so during the active shopping season,” Ms. Yulia Morosova, VAB Bank’s card business development department director, comments.

For example, 5 offers are active simultaneously at VAB Bank for payment card holders at present.  They include Try It – You Will Like It! (under which any payment with a VISA card may win a UAH 500 bonus to the card account); a joint offer from VAB Bank and Coffee House chain (10% discount on payments with any VAB Bank’s card); To Milan With Visa Gold! (a trip to Milan to be played out among Visa Gold card holders); the Lucky Purchase Season offer from MasterCard (a client making payments with a VAB Bank’s MasterCard becomes eligible for discounts under a number of partnership programmes); as well as Exquisite Jewellery From MasterCard Selective and VAB.