The document was signed by Kirill Tsarev, Deputy Chairman of the Board of Sberbank, Mikhail Kazakov, CEO of Settlement Solutions JSC, and Hayk Karapetyan, CEO of HayPost.

The parties plan to cooperate in the following areas:

• Generalization and systematization of the experience of Sber and Settlement Solutions in the introduction of innovative IT products, payment services and solutions in the field of transport; exchange of experience and technologies with HayPost;
• Implementation of the project of introduction of transportation technological platform for cashless payments in transport in Yerevan city on the basis of technologies and projects developed by Settlement Solutions;
• Transfer to HayPost and introduction of a modern equipment for payments in transport used by Sberb, as a part of innovative solutions in the field of transportation and cashless payments for transport in Yerevan;
• Identification of other areas of cooperation in the fields of high technologies, logistics, retail business and trade, payment and settlement and other financial and banking services with the involvement of such companies as SberTech and SberLogistics (subsidiary companies of Sber), iNovation, HayPost Retail (subsidiary companies of HayPost) and other subsidiary structures.

As the Deputy Chairman of the Board of Sberbank Kirill Tsarev mentions, "This agreement reflects our focus on the joint development of transportation ticketing solutions and payment services for public transportation in Armenia. Due to the technologies, expertise and rich experience of our subsidiaries Settlement Solutions, SberTech and SberLogistic, we will be able to provide systematic support to HayPost in introduction of innovative IT-products".                

As the CEO of HayPost Hayk Karapetyan indicates, "Sberbank's payment IT solutions used in transport have proved their effectiveness both in Moscow and in other regions of the Russian Federation. I am sure that with the localization of this advanced technology of contactless payments in transport Haypost can ensure rapid introduction of contactless payments in transport in all cities of Armenia. This is our first joint project and we are looking forward to long and fruitful cooperation between Sber and HayPost".

Sberbank PJSC is one of the largest banks in Russia and one of the leading global financial institutions. Sberbank accounts for about one third of assets of the entire Russian banking sector. Sberbank is the key lender to the national economy and holds one of the largest shares of the deposit market. The main shareholder of Sberbank is the Russian Federation represented by the Ministry of Finance of the Russian Federation, which owns 50% of Sberbank's authorized capital plus 1 voting share. The remaining 50% minus 1 voting share of the bank's authorized capital is owned by Russian and international investors. Sberbank's services are used by clients in 18 countries of the world. The bank has an extensive branch network in Russia: about 14 thousand service points. The foreign network of the bank consists of subsidiary banks, branches and representative offices in the UK, USA, CIS, Central and Eastern Europe, India, China and other countries. General license of the Bank of Russia for banking operations № 1481 dated 11.08.2015. Official websites of the bank: www.sberbank.com (Sberbank group's website), www.sberbank.ru.

In 2020, Sberbank implemented a rebranding process and now it offers financial and non-financial services of the bank and Sberbank Group companies to private and corporate clients. Today the Sber ecosystem includes numerous services for life, daily support in solving everyday problems of private customers and businesses. The Sber ecosystem website is  www.sber.ru.

"HayPost” Closed Joint-Stock Company is the national postal operator of the Republic of Armenia. Starting from 1992, "HayPost" CJSC is a member of the Universal Postal Union, a specialized agency of the United Nations, representing Armenia in the field of international postal cooperation. HayPost CJSC has more than 850 post offices throughout the territory of the Republic of Armenia, providing postal, corporate and financial services.

Source: HayPost