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X5 to launch debit, credit cards with Tinkoff Bank and Mastercard

Russian retailer X5 Retail Group NV said March 14 that it will launch Tinkoff–Pereskrestok World Mastercard debit and credit cards in collaboration with JSC Tinkoff Bank and Mastercard Inc.

Customers will receive benefits when using the card for purchases at X5's Perekrestok stores, the release said. The rewards include points and free delivery for online orders made in the first three months of the card's activation.