Russian Agricultural Bank Issued 200 000 Payment Cards
OREANDA-NEWS. On July 24, 2009 Russian Agricultural Bank started issuing and serving local payment cards in 2008. In September 2008, the Bank launched VISA cards, reported the press-centre of Russian Agricultural Bank.
During a year and half period of the project implementation RusAg has issued 200 thousand cards, including 105 thousand VISA cards.
RusAg actively develops its terminal network in the regions of presence. As of July 2009, RusAg has 1310 registered ATMs.
Under payroll card program RusAg serves over 1700 enterprises and has issued over 105 thousand payment cards. All payment cards issued by the Bank correspond to the international standard EMV. Based on RusAg’s extensive regional network and its focus on agribusiness sector of the economy, payment cards system project is unique both by territorial coverage, and by business lines of enterprises involved.
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