The Ministry of Industry and Trade commented on the media reports about the possibility of Ingenico, one of the largest suppliers of payment terminals, to withdraw from the Russian market. answer posted in telegraph channel sections.
“A number of large suppliers of cash registers, including cashless payment terminals, are represented on the Russian market. These are, for example, INPAS COMPANY LLC, ATOL LLC, SHTRIKH-M JSC companies.
It is noted that business enterprises have sufficient equipment resources to supply the market with equipment for card payments.
The Ministry of Industry and Trade added that there is no reason for the situation in the cash register market to escalate and that there are no problems with the availability of products in warehouses.
They also reminded that they participated in a working group with the Central Bank of Russia and other banking institutions to ensure technological dominance of the financial market.
Earlier, RBC, citing sources reported At the beginning of March 2023, Ingenico, the largest supplier of payment terminals for accepting bank cards, may leave the Russian market. It was noted that until the beginning of April, the company’s management plans to stop supporting POS terminals in the country. Ingenico’s share in the payment terminals segment in Russia is approximately 50%.
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.