Sberbank to launch e-commerce project

The Savings Bank of Russia (Sberbank) has announced a pilot project to introduce Internet-based payments, using Sbercard smart cards. The project is being carried out by the bank in cooperation with SmartCard-Service and SmartCardLink. Two Internet shops — XXL.ru and Vostorg.ru — have already joined the project. To start using the service, a Sbercard holder will have to buy a client software module developed by SmartCard-Service for about $130-140.

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