UBRD’s Acquiring Market Quadruples in January-March

UrBC, Yekaterinburg, May 7, 2019. The demand for acquiring services among the Ural Bank for Reconstruction & Development’s business customers is currently sky-rocketing: the number of terminal owners rose by 4.4 times in the first quarter of the year compared with one year earlier, while the transaction turnover increased by 3.5 times, the bank reports.

These are the department stores, teaching/training centers, car part sellers, and travel agents which have been signing up for the service most actively lately. In geographical terms, the service is most popular with the UBRD’s business customers operating in Sverdlovsk Region (28.5%), Moscow and Moscow Region (24%), and Saint Petersburg (9.5%).

‘We’re currently focusing on working with small enterprises and micro-businesses and we customize our rates and banking products to suit the smaller companies’ needs. We charge our customers 1.9% for the acquiring service, whereas the market’s average is now around 2.3% to 2.9%. More than once, all the major analytical agencies have acknowledged our terms and conditions as some of the best on the market in Moscow, Saint Petersburg, and other large cities. Our customers, in fact, are also voting with their ruble,’ says UBRD Corporates Development Director Elena Sorvina.


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