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Mar 14, 2019Russian Bank (not subject to any sanctions) with a wholly owned credit card acquiring business (Visa, MC, Union Pay etc) with the e-commerce business headquarters being based in the EU shortly. The Bank is a full MasterCard License holder and a full member of SWIFT.

This is a Moscow based bank with its own inhouse acquiring business, now gaining huge amounts of card business from Russian banks under sanctions etc.

It is the first Russian Bank for e-commerce with open APL. Their strategic direction is the development of electronic and mobile commerce, cash & liquidity management and no-risk transactions in the Russian Federation (EU & Global expansion planned). Current monthly turnover 70 mill USD.

The Bank is a member of the Russian national payment system MIR and a full member of MasterCard Europe S.A. and an associate of VISA International.

The bank has, as mentioned, their own in-house processing. The bank's own development ensures independence from Western software providers and the sanctions regime. Its in-house processing allows the bank to carry out a full range of operations, ranging from issuance of any types of cards, full merchant processing and money transfers and online wallets etc.

The bank is currently in the process of extending its operations to the EU and will headquarter its acquiring business in the EU (including obtaining a full EU based EMI license).

The bank is also evaluating a Reverse Merger listing on the Frankfurt Exchange.

The owners are willing to sell the business outright (it can also be achieved trough a RTO deal), sell part of the business or bring in a JV partner.

Price for outright sale (including public listing of the acquiring business) EUR 15 mill.

The bank itself is a very well run bank with no RCB issues.

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