Russia-based JSC Tinkoff Bank plans to launch its own payment service, Tinkoff Pay, and online payment system, Tinkoff Kassa, as part of plans to integrate and develop its payment technologies and products, RBC reported Feb. 15.

Tinkoff Pay will combine various payment instruments, including an electronic wallet with bank card tokens, instant online payment for goods and services, tap-to-phone technology and others, a representative for the bank told RBC.

Tinkoff Kassa will be launched by the end of February, while the exact launch date of Tinkoff Pay remains uncertain, as the bank is still working on technical architecture for the service.

Tinkoff Bank is part of TCS Group Holding PLC, whose shares are traded on the London Stock Exchange.