Acquiring

MKB offers merchant and online acquiring services, enabling bank card payments for goods and services.The bank’s acquiring business is present in most regions of Russia.

In 2019, the bank approved an e-commerce development strategy until 2023. In accordance with the approved strategy, the MKB is actively developing e-commerce, including the continuous improvement of technologies and services, and an exponential growth of financial indicators.

The services include: creating an open API, C2A and A2C transfer and payment services, online payments for goods/services using Apple Pay, Google Pay and Samsung Pay, and much more.

The bank’s acquiring business showed an increase in the weighted average merchant commission rate in 2019 (1.69% in 2018 compared to 1.77% in 2019) due to stronger sales in the SME segment and diversification of the current portfolio.

One of the main trends is the continuing impressive growth of the MIR card turnover: it reached RUB 12.1 bln compared to RUB 10.3 bln in 2018, representing 11.85% of the total acquiring turnover.

Online acquiring also showed a positive trend: turnover stood at RUB 6.2 bln compared to RUB 5.7 bln in 2018 (+7.3%).

In 2020, the bank plans to pursue an active a strategy to expand the portfolio and attract prime customers for online acquiring, including service providers.