Sberbank and Ingenico Group launch acceptance of Mir cards for international online stores

15.11.2018, Moscow
  • A strategic partnership between Sberbank and Ingenico Group enables acceptance of Mir cards in international online stores.
  • Millions of holders of Mir cards will be able to use them to shop for famous international brands.
  • Looking ahead, both companies aim to expand the partnership to include the Thank You from Sberbank loyalty programme.

15 November 2018, Moscow – Thanks to a strategic partnership between Sberbank and Ingenico Group, one of the global leaders in seamless payment, starting today, international online stores can accept Mir cards.

With support from Sberbank, which is now the acquirer of Ingenico Group’s global network, merchants will be able to offer a higher level customer experience, with increased authorisation rates and fewer disputes. Millions of holders of Mir cards will be able to use them to shop for famous international brands.

Since Sberbank uses data centres in Moscow and Kazan, Ingenico’s merchants are automatically compliant with Russia’s data storage regulations.

“Russian consumers love buying from international brands and want to use their Mir cards to do so. With Ingenico, we can now offer this opportunity to our customer cardholders from Russia’s national payment system,” commented Svetlana Kirsanova, Director of Sberbank’s Acquiring and Bank Card Division.

“Holders of Mir cards buy online more and more often. From January to August 2018, upwards of 58 million online transactions were performed using national cards,” added Vladimir Komlev, CEO of MIR Card Payment System operator, NSPK. “We are glad that, thanks to the joint project between Sberbank and Ingenico, foreign web stores will accept Mir Cards. It will significantly expand the geography of online purchases for cardholders.”

“We are proud to cooperate with the largest acquiring bank in Europe, which will ensure the acceptance of MIR cards on international websites,” commented Gabriel de Montessus, SVP Global Online (Retail BU) for Ingenico Group. “The partnership with Sberbank will allow us to offer a truly unique solution to merchants who seek to exploit the potential of the Russian market. Already, we are working to further expand our cooperation through additional features and products.”

Looking ahead, both companies aim to expand the partnership by enabling international merchants to join the Thank You from Sberbank loyalty programme.