RBC: the largest supplier of payment terminals Ingenico may leave Russia

The French company Ingenico, which produces terminals for receiving bank cards, may leave the Russian market in March 2023. According to sources RBCat the end of March, Ingenico plans to stop supporting POS-terminals in Russia.

According to experts, the company’s share in the Russian market of terminals is about 50%. At the beginning of 2018, Ingenico reported on the production of 1.5 million devices in Russia. At the end of 2022, according to the Central Bank, there were about 4 million POS terminals in the country. Ingenico devices occupy the main share in the network of VTB, Sberbank and Promsvyazbank.

Contracts with Ingenico employees in Russia are valid until February 15th. As RBC found out, two companies are mentioned in the Unified State Register of Legal Entities under the name Inzheniko LLC (the official name of the subsidiary of the French group in Russia). In the second, which specializes in the wholesale trade in equipment, a liquidator has been appointed. Moreover, his surname and initials completely coincide with the name of the person who represented the interests of the first company (100% owned by Ingenico) in court.

“The appointment of a liquidator is an external sign of the beginning of the business termination process … The ultimate goal of the liquidator is to find and collect all the property of the liquidated person, fulfill the outstanding obligations of the legal entity or complete them, preferably without disputes, hold property auctions if there are not enough funds,” explained Oleg Permyakov, partner of Rustam Kurmaev & Partners, is the publication.

Market participants note that after the departure of Ingenico, businesses and banks will have serious problems with their service, and the devices will work “until the first breakdown.” The company has been operating in Russia since 2007, now its site there is no mention of the Russian Federation as a country in which Ingenico provides services.

Andrey Sapozhnikov