Russia’s Sberbank has partnered with French payment services firm Ingenico Group to allow international merchants to accept MIR cards online.
Created in 2015, MIR is Russia’s national payment system operated by National Payment Card System. So far, nearly 45 million MIR cards have been issued, of which Sberbank issued more than 50%.
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The partnership will enable Sberbank MIR cardholders to shop at international merchants who use Ingenico for their payment processing.
Sberbank director of acquiring and Bank Card division Svetlana Kirsanova said: “Russian consumers love buying from international brands. They want to use their MIR cards to do so. With Ingenico, we can now offer this opportunity to our customer cardholders from Russia’s national payment system.”
Ingenico Group senior vice-president of global online Gabriel de Montessus said: “The partnership with Sberbank will allow us to offer a truly unique solution to merchants who seek to exploit the potential of the Russian market. Already, we are working to further expand our cooperation through additional features and products.”
According to National Payment Card System CEO Vladimir Komlev, MIR cards were used for more than 58 million online transactions between January and August this year.
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By GlobalDataIngenico and Sberbank intend to deepen their alliance to include additional services support for Sberbank Online along with providing international retailers with access to the bank’s loyalty programme, called Spasibo.
