The Ministry of Industry and Trade provided a statement addressing recent media speculation about Ingenico, a leading global provider of payment terminals, and the potential withdrawal from the Russian market. The ministry’s response was shared through the channel where official communications are posted, clarifying the current position and the broader context for equipment supply in the country. The ministry underscored that there exists a diverse and robust ecosystem of suppliers capable of meeting the market’s demand for cash registers and card acceptance devices, ensuring continuity and reliability for businesses that rely on these technologies for day-to-day operations.
In the ministry’s account, a number of established entities actively participate in supplying cash registers and related payment hardware to Russian enterprises. Among the examples cited were INPAS COMPANY LLC, ATOL LLC, and SHTRIKH-M JSC, each contributing to a competitive landscape that supports a wide range of terminal configurations and integration options. This depiction highlights a market structure that benefits from multiple vendors, reducing potential bottlenecks and enabling users to choose solutions that align with their specific workflows, transaction volumes, and security requirements. The ministry’s emphasis on multiple participants is aimed at reassuring businesses and financial institutions that the supply chain remains resilient and diversified even amid international market fluctuations.
The ministry also noted that, despite external dynamics, business operators possess ample equipment resources to ensure uninterrupted provision of systems capable of handling card payments. In practical terms, this means that retailers, service providers, and other enterprises can continue to deploy, upgrade, or maintain payment terminals and related technologies without facing imminent shortages. The assertion reflects careful monitoring of inventory levels, production capacity, and logistics to sustain a steady flow of devices such as point-of-sale terminals, magnetic card readers, contactless interfaces, and related software platforms that enable smooth financial transactions for customers across retail floors, service desks, and vending environments.
Further, the Ministry of Industry and Trade reiterated that there is no imminent risk of escalation within the cash register market and that there are no current problems with product availability in warehouses. This statement is framed within a broader policy context that seeks to balance market openness with strategic oversight, ensuring that businesses can rely on predictable access to necessary equipment while regulators work to maintain fair competition and robust security standards. The ministry also pointed to ongoing coordination with central banking authorities and the financial sector in general, highlighting participation in a working group with the Central Bank of Russia and other banking institutions. The aim of these collaborative efforts is to safeguard the technological leadership of the financial market, promote interoperability, and reinforce the infrastructure that underpins electronic payments for both merchants and consumers across the country.
Previously reported information from RBC indicated that, at the start of March 2023, Ingenico, recognized as the largest supplier of payment terminals for accepting bank cards, might consider withdrawing from the Russian market. The coverage noted that management contemplated reducing or halting support for point-of-sale terminals in the country by early April, an action that would have represented a significant shift given Ingenico’s substantial market share. Yet, the ministry’s current statement and the broader market narrative suggest that any potential retraction is not imminent and that competing suppliers and domestic producers are positioned to absorb transitional needs, maintaining continuity for merchants, financial institutions, and end users alike. The emphasis on market balance underscores the dynamic nature of the payments equipment sector, where strategic considerations, regulatory guidance, and evolving technology converge to shape supply, deployment, and support across Russia’s commercial landscape.