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HomeLatest NewsFor the eighth consecutive year, Sber topped the ranking of the largest...

For the eighth consecutive year, Sber topped the ranking of the largest Internet clients in Europe

Date: July 18, 2024 Time: 04:02:39

News and analytical publication The Nilson Report (covers the global payment card industry and prepares professional reports) has published a report on the number of transactions made by customers of the world’s largest banks. Sber became a leader in Europe. By 2023, the Russian company recorded a result of 47 billion transactions (+11% annually). The bank is four times ahead of its closest competitors, WORLDPAY and NEXI.

In addition, according to the report, the bank occupies third place in the ranking of the largest online acquirers in the world for the second consecutive year. At the same time, it is the only one of the 3 main online players that develops both POS acquisition (“physical” payment through a terminal) and Internet acquisition with equal success.

The report indicates that the share of online transactions of the Russian bank is 10%. The first and second places in the ranking are occupied by JP Morgan Payments (USA) and Adyen (Netherlands), companies focused on Internet payments.

— Since 2016, m has consistently remained at the top of the rankings with a significant advantage compared to its closest competitors in terms of the number of transactions processed. These results demonstrate once again that we provide high-quality customer service and support and that our human focus remains an unchanged priority. We pay special attention to the use of artificial intelligence, innovation and constant improvement of the customer experience,” commented Dmitry Malykh, Senior Vice President and Head of the B2C Transaction Banking Block at Sberbank, in first place in the latest The Nilson Report.

The analytical report also shows that around a third of all card transactions in Europe are carried out through national systems (there are also international ones such as VIsa, Mastercard). In addition to Russian MIR cards, there are also Bancontact (Belgium), Troy (Türkiye) and others. The number of domestic card transactions in 2023 increased by 31%. The “internationals” showed only an increase of 9%.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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