Under the agreement, the bank will provide a new card ‘Discover’, with services and benefits in the US market, claims Discover Financial.
Russian Standard Bank CEO Dmitry Levin said the partnership will allow Russian Standard Bank to enrich its portfolio of card brands and introduce the technical and service know-how of Discover.
"The brand history of Discover is a story of great success which the company has achieved in just a few decades in the highly competitive market of financial services in the US," Levin added.
Discover payment services president Diane Offereins said, "By issuing cards abroad, Discover has a tremendous opportunity to build its brand globally and share its most compelling attributes – including cash rewards, service and value – with people all over the world."
Founded in 1999, Russian Standard Bank serves more than 30 million customers, and the volume of credit provided has exceeded $30bn.
