Russia’s Sberbank launches card acquiring services in occupied Crimea
Sanctioned Russian Sberbank launches card acquiring services in occupied Crimea (Photo:Maxim Shemetov / REUTERS)
Russia’s state-owned savings bank Sberbank has started providing card acquiring services in Ukraine’s Russian-occupied Crimea and the city of Sevastopol by accepting payment cards in shops, a representative from the bank confirmed on March 2.
Tariffs for these services in these areas came into effect on Feb. 15.
The sanctioned Russian bank also started lending to legal entities on the occupied peninsula.
Sberbank is ready to accept non-cash payments using cards and QR codes at retail outlets throughout occupied Crimea and Sevastopol, as well as introduce online payment on websites.
Acquiring commissions for the occupied Crimea are the same as for regions of Russia – from 1 to 2.5% of the purchase price, depending on the category of goods or services, the store’s turnover, and the method of accepting payments.
Sberbank also charges for the lease and installation of equipment to accept the non-cash payments.
In January, Sberbank installed ATMs in Crimea – in Yalta, Sevastopol, Simferopol, and the village of Opolzneve. Earlier it was reported that Sberbank announced the start of operations in Ukraine’s Russian-occupied Crimea.
The bank plans to expand its network of self-service devices in Crimea throughout 2023.
Sberbank was first sanctioned by the United States in April 2022 and was one of three large Russian banks disconnected from the SWIFT system following the imposition of European Union sanctions in June 2022.
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