By Alex Peshkov •  November 12, 2010  •  PaymentsSource  •  27 words

American Express Co. and Sberbank Ltd have reached an agreement enabling Russia’s largest bank to issue AmEx cards beginning early next year, the companies announced Nov. 11.… Read the rest

By Alex Peshkov •  October 14, 2010  •  PaymentsSource  •  560 words

Russian banks have issued 70 million Visa credit and debit cards over the past decade, the card company reported this week as it celebrated its 10th anniversary in Russia.
“On a per capita basis, that means there is one Visa card for ever two Russians, or nearly 70 million Visa cards throughout Russia,” Steven Parker, Visa… Read the rest

By Alex Peshkov •  September 22, 2010  •  PaymentsSource  •  33 words

By more than doubling its card-issuance total this year, Sberbank Ltd. has became one of Russia’s top five credit card issuers by number of cards issued, a spokesperson for the bank tells PaymentsSource.… Read the rest

By Alex Peshkov •  August 18, 2010  •  PaymentsSource  •  26 words

Siberian Bank of Sberbank, Russia’s largest bank, in July issued sharply more credit cards than during the same month a year ago, the bank told PaymentsSource.… Read the rest

By Alex Peshkov •  August 13, 2010  •  PaymentsSource  •  286 words

Sberbank, Russia’s largest bank, last month officially abandoned plans to develop its Sberkart payment card program into a national payment system that would compete with Visa and MasterCard.
Shareholders recently decided after five years of development that Sberkart would have little chance of succeeding on a national scale, Viktor Orlovsky, Sberbank vice president and chief… Read the rest