In the beginning of March, 2023 the largest supplier of payment terminals for bank cards acceptance - Ingenico company - can leave the Russian market. By early April, the firm's management plans to stop supporting POS terminals in the country, RBC reported, citing sources.

"One of the largest card payment terminals manufacturers - Ingenico - can leave Russia in March 2023, three sources in the payment market told RBC. the company plans to leave Russia on March 1, contracts with employees in the country are valid until February 15. The company plans to provide technical support for POS-terminals until the end of March," the article says.

Leaving of big player can negatively influence Russian market of payment terminals. The share of Ingenico in this segment is about 50%. A number of the largest Russian banks actively use services of the foreign supplier. VTB, Sberbank and Promsvyazbank are among such financial organizations, the article says.