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Federal Passenger Company launches pilot project for on-board trains card payment

Federal Passenger Company launches pilot project for on-board trains card paymentFederal Passenger Company, a subsidiary of Russian Railways, and Sberbank have launched a pilot project under which passengers can pay for goods and services on long-distance and high-speed trains using credit/debit cards. More than 100 trains will be equipped with mobile point-of-sale terminals, which can be used to buy items from conductors. All financial operations related to settlement and payment will be carried out by Sberbank.

“We highly value our cooperation with Sberbank and Sberbank CIB and are thankful for the opportunity to provide our passengers the option to pay using bank cards. This modern and convenient payment method will contribute to the development of a civilised market. The project is unique because it is the first time that this sort of service is simultaneously being offered at a federal level, which includes the whole of Russia, and in a number of foreign countries,” commented Alexander Muslovets, Deputy General Director of FPC JSC.

“Long-distance trains are another cash-intensive area where we are building a convenient cash-free ecosystem for the benefit of passengers. Now bank card holders will not have to search for a cash machine before boarding their trains. This of course will make life much more convenient for Russian citizens as well as foreign travellers who choose this form of transport,” commented Svetlana Kirsanova, Director of Acquiring at Sberbank.

“Sberbank CIB is particularly attentive to projects that allow modern technology and formats to be deployed throughout the market. The pilot project to introduce acquiring to long-distance named and high-speed trains is definitely one of them, and will help promote banking solutions that are very popular among the mass segment. The joint project with FPC JSC will develop modern payment methods and contribute to the mutually beneficial relationship with our partner,” commented Mikhail Aksutkin, Managing Director, Transport & Vehicle Manufacturing Division, Client Management Department, Sberbank CIB.

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