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 email@example.com
To contact the editor responsible for this story: Balazs Penz at firstname.lastname@example.org