Russian RBC holding approved the sale of 99 percent of shares in the non-bank credit organization Electronic Payment Service, which is the operator of the RBK Money payment system, ITAR-TASS news agency said citing RBC press service.
The company is estimated at 18 million rubles. Nine managers of the payment systems (their names are not disclosed) and EastBound Limited, which already owns 1 percent of Electronic Payment Service shares, will acquire the company. Each buyer will own 10% of shares having paid 1.8 million rubles.
Electronic Payment Service was founded in summer 2012 when RBK Money filed a registration statement for a non-bank credit organization. The company was forced to do that because of introduction of the Federal Law "On the national payment system", which ordered all electronic money systems to operate as either banks or NPOs since the end of 2012.
The RBK Money payment system was established in 2002. It was called Rupay until the merger with RBC Holding; after that it was renamed to RBK Money.
