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June 26, 2013

MasterCard joins with BelCard to issue payment cards in Belarus

MasterCard Worldwide and Belarus' largest payment system BelCard are to issue joint payment cards.

By Verdict Staff

MasterCard Worldwide and Belarus’ largest payment system BelCard are to issue joint payment cards.

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The Bank Processing Center, BelCard’s parent company, signed the agreement with MasterCard to allow any Belarusian bank that uses the two payment systems to issue cards under both brands.

The partnership will also allow banks that use the BelCard system to embrace more modern payment technologies; including screening cardholders during online transactions, contactless payment technology and the money transfer service MasterCard MoneySend.

Ilya Ryaby, head of MasterCard in Russia, Belarus and Armenia, said: "Partnership with the Bank Processing Center opens up new opportunities for banks and MasterCard cardholders."

"This is our first strategic project with a local payment system in Belarus and one more step towards the noncash world," he concluded.

Director of the Bank Processing Center Gennady Zubarev added: "Cooperation with MasterCard Worldwide gives us the access to the international financial market and promises great prospects for the development of innovative payment cards technologies in Belarus."

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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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