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Virtual banks in Belarus by 2018

Virtual banks will appear in Belarus by 2018, so that citizens will be able to perform any operation remotely using a mobile phone or a computer.

A single identification system will be established due to the development of the Belarusian IT companies and digital banking technologies. As a result, a consumer will have the opportunity to not only control online his banking history, but also obtain the necessary information or a specialist advice at any time.

MORE: Belarus' banking sector

Alexander Sotnikov, Head of the Digital Banking Technologies Department of the National Bank of the Republic of Belarus:
Any resident of a regional town will be able to receive services and bank products of any Belarusian bank via a banking remote channel and the Internet regardless of whether or not this bank has branches in the same city.