VTB organises partner banks’ access to international card payment networks as a sponsor bank
VTB Bank offers the following services:
- organisation and supervision of partner banks’ processing programmes with VISA International and MasterCard Worldwide payment networks
- transfer of banks’ processing programmes from other sponsor banks;
- clearing and settlement services for members of VISA International and MasterCard Worldwide;
The processing services for sponsor programmes are provided by Multicarta, a VTB Group company.
VTB Bank’s status with international payment systems:
- 1995-present: full membership in VISA International;
- 1998-present: full membership in MasterCard Worldwide;
- 2006-present: chartered processor of VISA International in Russia;
- 2009-present: chartered bank for service distribution for China’s UnionPay.
Benefits of VTB’s partnership and sponsor programmes:
- reputation and reliability;
- favourable financial terms;
- transaction services in three currencies: Russian roubles, US dollars and euros;
- full reimbursement of interbank fees set by payment processing systems;
- over 15,000 ATMs across Russia with user discounts offered to partner banks;
- comprehensive consulting support.