Russia’s biggest banks team up to rival Visa & MasterCard
The system is currently teamed up with 17 banks, 40 more have applied, and over 300 depositary institutions are on talks.
The system infrastructure numbers over 12 thousand ATMs and over 10 thousand cash dispensers.
Upward of 25 thousand shops and service points accept these cards.
“We have a letter of agreement from VTB,” Gref said.
VTB has former voiced its interest in the “Sbercart” payment system aiming to develop acquiring on its basis. The prior condition for VTB to join was re-naming of the system.