Discover’s business unit Diners Club
International has partnered with Russian Standard Bank (RSB) to
form a new franchise in Russia.
Under the agreement, RSB will assume all
responsibility for the Diners Club brand and business in Russia and
the Ukraine in issuing and acquiring.
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RSB is the largest credit card issuer in
Russia with over 150 branches and 30m customers.
“The Russian and Ukrainian markets represent a
great opportunity for a premium global payments brand like Diners
Club,” said Rajive Chadha, president of Diners Club
International.
“We feel strongly that partnering with a
reputable financial institution such as RSB, with their wealth of
experience in both issuing and acquiring, will help us meet our
aggressive growth goals in Russia.”
Diners Club International is accepted in more
than 185 countries and territories, millions of merchant locations
and provides access to over 800,000 ATMs.
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