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Selgros Cash & Carry shops begin to accept MasterCard PayPass®. Russia’s Raiffeisenbank is the acquiring bank

The wholesale company Selgros Cash & Carry, the payment system MasterCard and Raiffeisenbank today announced that the innovative one-touch payment technology MasterCard PayPass® is starting to be accepted in Russian Selgros shops. A pilot project was launched in Moscow at Selgros Cash & Carry, 26 Podolskikh Kursantov. Raiffeisenbank is the acquiring bank for the project.

Now card holders or holders of other devices such as mobile phones can use the MasterCard PayPass technology to make payments with one-touch, which makes the payment process even faster than with a usual card. To pay with a MasterCard PayPass you simply need to tap the card on the contactless reader at the checkout. For payments up to RUR 1 000 a customer signature or PIN-code is not required.

«The MasterCard PayPass technology is a great solution for commercial enterprises, especially where speed of service is important, and buyers do not want to wait for a long time in line at the cashier. With MasterCard PayPass payments are faster, easier and more convenient, as the card or mobile phone with the MasterCard PayPass is in the hands of the client, and the cashier simply needs to scan all the goods. We are working on ensuring that this modern technology becomes more common, and that Russians are able to benefit from it,» said Ilya Riaby, head of MasterCard in Russia.

«As the second largest wholesale Cash & Carry business in Europe, we want to introduce the latest technology to our shops that would benefit both us and our customers. We are therefore very pleased that with the support of our business partners — MasterCard and Raiffeisenbank, we have introduced the MasterCard PayPass payment technology into our shops, to simplify the payment process for buyers. By the end of November 2012, all Russian Selgros Cash & Carry shops will be equipped with MasterCard PayPass terminals,» said Uwe Roessler, Selgros CEO.

«We are pleased to be the acquiring bank for the Selgros shops and enable their customers to make transactions with bank cards, including with MasterCard PayPass technology. Providing acquiring services in a variety of retail outlets, we also install contactless payment terminals, as ever more cards with this technology are being issued and the need for the associated infrastructure is growing,» said Oxana Panchenko, head of the Corporate Banking & Corporate Finance Directorate at Raiffeisenbank.

An increasing number of trading platforms in Russia accept the new payment technology. MasterCard PayPass terminals have been installed in retail outlets in Moscow, St. Petersburg, the Republic of Tatarstan, and in the Moscow, Tver, Pskov, Kaliningrad, Novgorod and Tyumen regions. Terminals have been installed in commercial enterprises of various kinds: railway ticket offices, grocery shops, restaurants, dry cleaners, gas stations, chemists, movie theatres and souvenir kiosks.

World MasterCard PayPass is accepted at 550,000 trading platforms in 48 countries.

You can find more information about the innovative MasterCard contactless technology and get a list of sales outlets and service companies which accept MasterCard PayPass in Russia and abroad here.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 11th among the Russian banks in terms of assets, based on Q3 2012 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of liabilities of individuals and 10th with regard to consumer lending.

Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus. In total, around 61,300 employees service about 14.6 million customers through around 3,100 business outlets, the great majority of which are located in CEE (these figures include Polbank). Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBI’s shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.


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