Russia’s biggest banks team up to rival Visa & MasterCard
Published: 09 June, 2008, 10:07
Russia’s two largest banks have teamed up to create the United Russian Payment System (ORPS), in a bid to rival Visa and MasterCard, Sberbank CEO German Gref says. VTB agreed to join Sberbank after the name of the scheme was changed from ‘Sbercart’.
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