RBC buys Rupay payment system
OJSC RBC Information Systems announced the purchase of the Rupay Internet payment system. Reportedly, the purpose of the transaction is the creation of a universal system of financial settlements on the Internet using the RBC Bank infrastructure. The new version of the Rupay payment system will already work through RBC Bank.
At the first stage, RBC acquired a 20% stake in Rupay with an option to increase its stake to 51% within three years. The amount of the transaction, under the terms of the agreement, is not disclosed. Thanks to this purchase, RBC gained quick access to the rapidly growing market of electronic payments.
“Rupay will be the first Russian payment system that will harmoniously combine electronic payments and innovative banking products that are in demand in the field of online trading,” said RBC Chairman of the Board of Directors Herman Kaplun.
The Rupay system was founded in 2002 and is one of the first Russian systems to provide an automated payment acceptance tool for e-commerce enterprises.
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Rupay serves more than 250,000 Russian users and 6,000 online stores. According to Cnews Analytics research, the company occupies about 5% of the Russian market of Internet payments. Through a single payment gateway, Rupay e-wallet, customers of the system can perform a wide range of payment transactions in real time: pay for utility services, Internet access, IP-telephony, cable TV, mobile, international and long-distance communication, as well as Russian online stores and other online services.
“By purchasing Rupay, a system with a progressive technological platform, a solid client base, and well-established connections that provide partnerships with online stores, banks and payment points, we have significantly reduced the time to enter the electronic payment market. Therefore, the purchase of a system that serves the growing online shopping market is a logical and expedient step aimed at creating a universal and convenient tool for financial payments on the Internet, ”said German Kaplun.
In 2007, the turnover of the five largest Russian electronic payment systems, which control over 85% of the market, increased by 130% and amounted to $ 16 billion. The average annual growth rate (CAGR) of the Russian electronic payment systems market over the past 3 years was 119%. The positive dynamics of the market, as well as the continuing growth in the number of Russian Internet users, indicate the investment and commercial attractiveness of this segment.
Internet payments are one of the fastest growing segments of the global electronic payment market. The most popular are Internet payment systems that have integration with banks' payment products. Thus, the American electronic payment system PayPal, which has more than 164 million users, announced a record amount of payments in the fourth quarter of 2007 - $ 14 billion. According to Javelin Strategy and Research, the volume of online transactions will increase by 2012 to 2.36 times from $ 150.4 billion to $ 355.2 billion
At the first stage, RBC acquired a 20% stake in Rupay with an option to increase its stake to 51% within three years. The amount of the transaction, under the terms of the agreement, is not disclosed. Thanks to this purchase, RBC gained quick access to the rapidly growing market of electronic payments.
“Rupay will be the first Russian payment system that will harmoniously combine electronic payments and innovative banking products that are in demand in the field of online trading,” said RBC Chairman of the Board of Directors Herman Kaplun.
The Rupay system was founded in 2002 and is one of the first Russian systems to provide an automated payment acceptance tool for e-commerce enterprises.
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Rupay serves more than 250,000 Russian users and 6,000 online stores. According to Cnews Analytics research, the company occupies about 5% of the Russian market of Internet payments. Through a single payment gateway, Rupay e-wallet, customers of the system can perform a wide range of payment transactions in real time: pay for utility services, Internet access, IP-telephony, cable TV, mobile, international and long-distance communication, as well as Russian online stores and other online services.
“By purchasing Rupay, a system with a progressive technological platform, a solid client base, and well-established connections that provide partnerships with online stores, banks and payment points, we have significantly reduced the time to enter the electronic payment market. Therefore, the purchase of a system that serves the growing online shopping market is a logical and expedient step aimed at creating a universal and convenient tool for financial payments on the Internet, ”said German Kaplun.
In 2007, the turnover of the five largest Russian electronic payment systems, which control over 85% of the market, increased by 130% and amounted to $ 16 billion. The average annual growth rate (CAGR) of the Russian electronic payment systems market over the past 3 years was 119%. The positive dynamics of the market, as well as the continuing growth in the number of Russian Internet users, indicate the investment and commercial attractiveness of this segment.
Internet payments are one of the fastest growing segments of the global electronic payment market. The most popular are Internet payment systems that have integration with banks' payment products. Thus, the American electronic payment system PayPal, which has more than 164 million users, announced a record amount of payments in the fourth quarter of 2007 - $ 14 billion. According to Javelin Strategy and Research, the volume of online transactions will increase by 2012 to 2.36 times from $ 150.4 billion to $ 355.2 billion
Source: https://habr.com/ru/post/23572/
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