Bloomberg News

State-Run Belarusbank to Begin Accepting American Express Cards

August 21, 2012

State-owned Belarusbank, the largest lender in Belarus by assets, plans to start accepting American Express Co. (AXP:US) cards, becoming the country’s second bank to open its payments network to the New York-based company.

“Our system is practically ready to accept American Express cards,” Illia Shalanki, a deputy chairman of Belarusbank’s management board, told reporters today in the capital, Minsk.

Belarusbank and BPS-Sberbank, the local unit of Russia’s biggest lender, OAO Sberbank (SBER), will service AmEx cardholders at their joint nationwide network of about 30,000 terminals, Shalanki said.

BPS-Sberbank was the first Belarusian lender to strike a partnership with American Express, the biggest credit-card issuer by purchases, in 2010. AmEx lacks a branch network and doesn’t issue debit cards linked to checking accounts, the world’s fastest-growing payment method.

To contact the reporter on this story: Aliaksandr Kudrytski in Minsk, Belarus at akudrytski@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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Companies Mentioned

  • AXP
    (American Express Co)
    • $93.17 USD
    • 2.73
    • 2.93%
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