Credit Bank of Moscow (MCB) intends to transform the cash collection business by focusing on the development of online cash collection. This is stated in the message of the bank, which Izvestia got acquainted with.

It is noted that the decision of the credit institution is associated with structural changes in the market: with a drop in demand from customers for classic cash collection amid an increase in non-cash payments, as well as a decrease in the marginality of this business due to an increase in the cost of transportation. Other factors include increased investment in the vehicle fleet and a shortage of armored vehicles.

“Therefore, we plan to gradually reduce the share of classical cash collection and develop online cash collection using automated deposit machines (ADM),” the bank said. The MCB clarified that already this month, customers will be able to use online cash collection. “Collection through ADM will provide speed, security and cost reduction of cash management services for the client,” the message says.

ADM allows you to transfer money to your current account during the working day. After the funds are credited to the company’s account, the bank is responsible for their storage. “This provides a higher level of security than when storing cash at the company’s cash desk,” the ICB said, adding that the transition to online cash collection reduces the likelihood of error due to the human factor.

According to the Russian Collection Association, in 2018 the number of ADMs on the Russian market was 14 thousand, and in 2021 their number increased to 36 thousand.

The Bank intends to maintain the presence of classic collection in key regions, while the number of routes and the share of classic collection will decrease.Share: