Discover Financial Services and Russian Standard Bank have announced a partnership giving RSB exclusive rights for the issuance, acceptance and promotion of Discover cards in Russia.
The agreement marks the first time Discover cards will be issued in Europe, although Discover and RSB partnered for the issuing and servicing of Diners Club International (DCI) cards in Russia last year.
“Our partnership with Russian Standard Bank, the largest credit card issuer in Russia, as a DCI issuer and acquirer is helping us meet our aggressive growth goals in Russia. We are thrilled to extend our presence there and work with RSB to issue Discover cards, representing the next milestone of a relationship that has been mutually beneficial,” said Diane Offereins, President of Payment Services at Discover.
RSB is the largest credit card issuer in Russia, while Discover is the smallest of the four major payment networks in the U.S.
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