Russia’s Alfa-Bank And Rosbank Sign Surcharge-Free ATM-Sharing Deal

Russia’s Alfa-Bank And Rosbank Sign Surcharge-Free ATM-Sharing Deal

Alfa-Bank and Rosbank earlier this month merged their ATM networks as the Russian financial institutions looked to compete with Sberbank, the country’s largest bank. Read full article at PaymentsSource (paid subscription required).

Russia’s Q1 Credit Card Receivables Up 79%

Russia’s Q1 Credit Card Receivables Up 79%

The Russian credit card market grew to 422.9 billion rubles (US $13.4 billion) in receivables in the first quarter of this year, up 79% from 235.8 million rubles during the same period last year,...

Russian Hypermarket Owner Signs Ingenico Terminal Deal

Russian Hypermarket Owner Signs Ingenico Terminal Deal

All of Russia’s Auchan hypermarkets will deploy Ingenico payment terminals by the end of 2012, the global payment technology vendor announced Jan. 24. Auchan selected Ingenico’s iSC250 terminals, and 1,700 had been deployed as...

Alfa Bank Receives Visa PayWave Certification

Alfa Bank Receives Visa PayWave Certification

Alfa-Bank has received Russia’s first certification for Visa Inc.’s payWave contactless-payment platform for credit and debit cards. Read full article at PaymentsSource (paid subscription required).  

MasterCard Signs Deal To Bring PayPass To Russian Cell Phones

MasterCard Signs Deal To Bring PayPass To Russian Cell Phones

MasterCard Worldwide has signed a letter of intent with Russian cell-phone carrier Mobile TeleSystems to bring PayPass contactless-payment functionality to Russian mobile phones, the card brand announced Oct. 28. Mobile TeleSystems, which will offer...

Citi Russia Helping Moskovites Pay City Bills

Citi Russia Helping Moskovites Pay City Bills

ZAO Citibank has launched a free service that enables Moscow residents to pay their city real-estate, telephone and energy bills automatically by billing to their Citibank debit or credit card accounts, the Moscow-based company...

Russian Payment Kiosk Firm To Target U.S., Brazil

Russian Payment Kiosk Firm To Target U.S., Brazil

Japanese conglomerate Mitsui & Co. Ltd. has acquired 14.9% stake in Qiwi Ltd., a Russian company registered in Cyprus that specializes in instant-payment kiosks, the two companies announced Jan. 18.

Russian Holiday Spending To Grow 10% Compared With Last Year, Citi Says

Russian Holiday Spending To Grow 10% Compared With Last Year, Citi Says

Russian credit cardholders will spend 10% more this month on their holiday spending compared with what they spent last December, ZAO Citibank predicts in a Dec. 13 report.

Russian McDonald’s Restaurants Complete Card-Terminal Deployments

Russian McDonald’s Restaurants Complete Card-Terminal Deployments

The 258 McDonald’s restaurants in Russia now accept bankcards, the fast-food provider’s acquirer Russian Standard Bank announced Dec. 13.

MasterCard, Russian Standard Bank Strike MoneySend Deal

MasterCard, Russian Standard Bank Strike MoneySend Deal

Russian Standard Bank has become the first European bank to offer person-to-person funds transfers through MasterCard Worldwide’s MoneySend platform, the companies announced Dec. 6.