Subsidiary Bank Sberbank of Russia signs cooperation agreement with Union Pay International

/KASE, October 21, 14/ – Subsidiary Bank "Sberbank of Russia" JSC (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of October 20, 2014: quote SB "Sberbank" JSC and company Union Pay International have signed the General Cooperation Agreement. Document was signed by the Chairman of SB "Sberbank" JSC Alexander Kamalov and Vice-President of Union Pay International Cai Jianbo. Until the end of 2014 Sberbank plans to launch the entire line of payment cards Union Pay International and to start и their service at bank’s ATMs and payment terminals. Holders of UnionPay International cards issued by China banks and in other countries will also be able to use ATMs and POS-terminals of Sberbank. In addition, it is planned to develop some exclusive products within the UnionPay International payment system. "Today the UnionPay cards are very popular in domestic market and highly assessed abroad. Given the close economic cooperation and cultural ties between Kazakhstan and China implementation of UnionPay International payment system in our country is especially important. Now businessmen and tourists from both countries will be able to receive high quality service of UnionPay cards in Sberbank", - said the Chairman of the Board of SB "Subsidiary Bank Sberbank of Russia" JSC Alexander Kamalov. "We appreciate the cooperation with Sberbank and will actively expand production of cards in Kazakhstan to provide the Kazakhstani UnionPay cardholders with more options and advantages of payment services",- said the Vice-President of UnionPay International Cai Jiangbo. For additional comments please contact the press service: SB "Subsidiary Bank Sberbank of Russia" JSC Ekaterina Kupreeva +7 (727) 266 35 68 (ext. 502499) Mob:+7 702 18 16 127 e-mail: yekaterina.kupreeva@sberbank.kz unquote [2014-10-21]