Samsung Pay now works for Sberbank customers in Russia

Samsung launched its mobile payments service in Russia a while back and now it's expanding support for compatible financial institutions by adding more to the list. Samsung has announced that starting today, Sberbank customers with a Mastercard credit or debit card can register them for use with the company's mobile payments service. Samsung Pay is now available with seven major banks in Russia include Alfa Bank JSC, VTB 24 OJSC, MTS OJSC, Reiffeisen Bank JSC, Russian Standard Bank JSC and Yandex LLC.

Sberbank customers who register their compatible cards with Samsung Pay today will easily be able to make payments on the go in Russia with their compatible Samsung smartphone at almost any location where they can pay by a conventional credit or debit card. “We’re delighted to announce the availability of Samsung Pay for Sberbank customers. With this partnership, Samsung Pay now covers 65 percent of all private bank accounts in Russia and 80 percent of the country’s urban population,” said Arkadij Grad, head of Samsung Mobile Russia. The company has reiterated that it doesn't charge any fees from any Samsung Pay users, trading companies, acquirer banks and emitting banks.

Adnan Farooqui - Executive Editor

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First Samsung device: SGH-E900

Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.

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