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Sberbank press service’s comment for PLUSworld:
“The project is in its very early stage — discussions and the development of a concept for a prospective alternative payment system. Once the parameters are defined, we and our partners will be able to present a proposal to the market.
The project will definitely not be built on the infrastructure of any bank. If we are to create an alternative, that should be an independent payment system —both legally and technologically. At the same time, of course, we can and should leverage the best practices and innovations of market participants. Our approach is based on healthy competition, the development of innovation, and openness to the market. If we follow the logic of the Bank Association, Sber, Alfa-Bank, and T Bank could become founders, and other banks may join as founders later, of course.
It is too early to discuss the shareholding and other details, since there is no overall concept yet. As for cards, this technology still occupies a significant market share. In this sense, we should not rule out issuing cards if there is a market need or when entering international markets where the existing infrastructure requires it. However, today there is no need to start with cards. Regarding the Bank Association, we focus on more advanced payment methods: contactless technology (e.g., NFC/Bluetooth), biometrics, and other innovative solutions.”