Ozon continues to actively expand its fintech tools and has launched a cash and payment service for businesses, powered by Ozon Bank. At the first stage, sole proprietors who sell on the marketplace will be able to open accounts, make sales, and receive banking services through a single, familiar Ozon interface. At the beginning of 2023, the cash and payment service will become available to businesses in any other areas.

An Ozon business checking account allows sellers to freely manage their sales revenues and supports all necessary banking operations. The service provides ability to shop funds in a settlement account, receive funds on Ozon and other marketplaces, fund an account in other ways, create outgoing payments by counterparties and individuals, and receive support via chat.All banking operations are available online - in the seller's personal account on the website and in the Ozon Business mobile app.

Ozon Bank offers three plans for connecting an account: "Starter" with free service; "Basic" with commission-free transfers to your card for up to 600,000 rubles per month; as well as "Advanced" - with commission-free transfers to a card for up to 1 million rubles per month and 0.45% commission for up to 5 million rubles.

"Ozon has extensive experience in developing fintech products for small and medium-sized businesses. The launch of a full-fledged banking service is the next step in building convenient financial infrastructure for efficient business. When developing this new solution, we took into account the needs of sellers and the market's demands. Soon all entrepreneurs will be able to use the account, whether they sell on the marketplace or not," - General Director of Ozon Fintech Vahe Ovasapyan.

One advantage of a business account from Ozon Bank is paperless registration, which takes no more than 5 minutes - you only need a passport and a smartphone to get started. You can register an account at order pick-up points or during a visit from a bank representative. To take advantage of the offer, sellers need to submit an application in the Finance section of their personal accounts.

Earlier, Ozon announced the launch of Ozon Cards, a universal form of payment that is already used by more than 10.7 million people. It gives discounts of up to 30% on marketplace products and up to 10% cashback on purchases outside of Ozon.

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Ozon Holdings plc published this content on 24 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 December 2022 10:45:03 UTC.