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July 20, 2021

American Express and Sberbank, Russia’s Largest Bank, Significantly Expand Card Acceptance Across Russia

American Express cards now accepted in Sberbank terminals and ATMs

New York, July 20, 2021 – American Express Company (NYSE: AXP) and Sberbank, Russia’s largest bank and the third largest merchant acquirer in the world, are expanding their business partnership, significantly increasing the number of places where American Express cardholders can pay with their cards  across Russia and online.

In addition, American Express clients will be able to withdraw rubles using Sber ATMs. The number of merchant locations and ATMs accepting American Express will be growing throughout 2021 and 2022.

“We are expanding the network that accepts American Express Cards at Sberbank clients’ points of sale,” said Kirill Tsaryov, Deputy Chairman of the Executive Board, Sberbank. “Having completed the first stage of integration, we will be growing American Express Card acceptance throughout Russia step by step, gradually increasing the number of outlets and ATMs. Cardholders will be able to pay for purchases in more stores, including online. Our merchant acquiring clients will be able to increase sales. We will continue to work together to provide more payment options to corporate customers of Sberbank and American Express cardholders.”

“We are happy to expand our partnership with Sberbank, the world’s third largest merchant acquirer, to improve American Express representation in Russia,” said Mohammed Badi, President, Global Network Services, American Express. “This partnership enables our cardholders to use their cards for everyday shopping and when traveling in Russia, both as tourists and for business. Sberbank and American Express will continue to work in close collaboration to roll out more acceptance locations over the coming years.”

American Express added more than 3.7 million merchant locations internationally in 2020. The partnership with Sberbank is the latest effort to expand card acceptance globally and ensure American Express cards are warmly welcomed by businesses around the world.

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AMERICAN EXPRESS

Melanie L Backs
Melanie.L.Backs@aexp.com
Press office 
media@sberbank.ru

PJSC Sberbank is Russia’s largest bank and a leading global financial institution. Holding almost one-third of aggregate Russian banking sector assets, Sberbank is the key lender to the national economy and one of the biggest deposit takers in Russia. The Government of the Russian Federation represented by the Ministry of Finance of the Russian Federation is the principal shareholder of PJSC Sberbank owning 50% plus one voting share of the bank’s authorized capital, with the remaining 50% minus one voting share held by domestic and international investors. Sberbank has customers in 18 countries. The bank has a major distribution network in Russia with about 14,000 branches, while its international operations – subsidiary banks, branches, and chapters – include the UK, US, CIS, Central and Eastern Europe, India, China, and other countries. It holds general banking license No. 1481 dd. August 11, 2015, from the Bank of Russia. Official websites of the bank: www.sberbank.com (Sberbank Group website), www.sberbank.ru.

In 2020 Sberbank underwent a rebranding, offering financial and non-financial services of the bank and Sberbank Group to individual and corporate customers. Today, the Sber ecosystem is a raft of services for life and daily assistance in handling pressing everyday issues for individual customers and businesses. The Sber ecosystem website: www.sber.ru.

About American Express

American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success.

American Express partners with a select group of leading banks and financial institutions around the world to issue American Express-branded products and/or acquire merchants on to the American Express merchant network. By leveraging its partnerships, global infrastructure and the powerful appeal of the brand, American Express has gained even broader reach for its network worldwide.


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