BSB Bank
BSB Bank is a privately held Belarusian bank founded in 2002, serving retail individuals, self-employed professionals, and SMEs with multi-currency cards, digital banking, merchant acquiring, factoring, and business lending under National Bank license.
- Company typePrivate
- Founded2002
- HeadquartersMinsk, Belarus
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What BSB Bank does
BSB Bank (Закрытое акционерное общество «Белорусско-Швейцарский Банк «БСБ Банк») is a privately held Belarusian bank founded on 7 October 2002, headquartered in Minsk and operating under Banking License No. 7 issued by the National Bank of the Republic of Belarus on 21.02.2024. The bank serves retail individuals, self-employed professionals, and small-to-medium enterprises (LLCs, IPs, unitary enterprises) through a digital-first platform comprising a mobile application (iOS, Android, Huawei AppGallery), internet banking with 1C integration, a public BSB Web API, and a Telegram-based Mini App («Мой курс») for FX rate locking. Card products span Visa, Mastercard, and Belkart schemes with support for Apple Pay, Samsung Pay, Garmin Pay, Xiaomi Pay, Swoo Pay, and Belkart Pay, and multi-currency operations cover BYN, RUB, CNY, EUR, USD, GBP, CHF, UAH, and PLN. Merchant services include trade acquiring (POS terminals), internet acquiring, BSB SMART (Android softPOS), E-POS (QR/payment-link acceptance at 1.2%), BSB Link (global invoicing via social media), and RUB Authorization (RUB charging with BYN settlement at 3.5%).
The business model is hybrid: recurring monthly RKO subscription packages from free («Добро пожаловать» for new businesses, 6 months) to 44.49 BYN/month («БСБ Бизнес Продажи»); transaction-based fees across acquiring, card-to-card transfers (1.5%+), salary project commissions (0.19% for IT 2.0), and factoring; interest income from corporate lending (working capital up to 1 year, investment credit up to 3 years, overdraft); and ancillary revenue from leasing, bank guarantees, FX margin, and the Kvetka loyalty program. Distribution combines digital self-service (online account opening via MSI identification, card-order portal, MoneyApp) with physical branches, ATMs, and a first-in-Belarus channel selling cards at retail stores and gas stations. Specialized offerings include a self-employed card with 0.5% income receipt rate and one 10% tax treatment, IT-sector salary packages with USD disbursement, and FCI-enabled international two-factor factoring for exporters and importers.
BSB Bank firmographics
Firmographics- Name
- BSB Bank
- Legal name
- Закрытое акционерное общество «Белорусско-Швейцарский Банк «БСБ Банк»
- Website
- https://bsb.by
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- BSB Bank is a privately held Belarusian bank founded in 2002, serving retail individuals, self-employed professionals, and SMEs with multi-currency cards, digital banking, merchant acquiring, factoring, and business lending under National Bank license.
- Ownership category
- akta.pro rank
Where BSB Bank is headquartered
LocationHeadquarters
- HQ city
- Minsk
- HQ country
- Belarus
- HQ region
- Europe
Offices1 record
Markets served
BSB Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain, Others
Revenue model
- RKO (Settlement and Cash Services) Package Fees: Monthly subscription fees for business account packages ranging from free (Добро пожаловать) to 44.49 BYN/month (БСБ Бизнес Продажи). Additional per-transaction fees apply for payments beyond included limits.
- Salary Project Fees: Commission charged on salary disbursements, ranging from individually negotiated rates for standard packages to 0.19% for IT 2.0 package. Additional fees for paper-based payment instruction submissions.
- Money Transfer Fees: Commission on domestic and international money transfers. Card-to-card transfers are free between BSB Bank cards; inter-bank transfers start from 1.5% of transfer amount. Золотая корона transfers charged per transfer.
- Card Issuing and Acquiring: Revenue from card issuance fees, annual maintenance fees, and merchant discount rates (MDR) charged to businesses accepting card payments via terminal, internet acquiring, or soft POS solutions.
- Factoring Services: Factoring commissions and discounts charged to suppliers for financing their accounts receivable. BSB Bank is a member of FCI (Factors Chain International).
- Corporate Lending: Interest income from credit lines for current activities (up to 1 year), investment credits (up to 3 years), and overdraft facilities. Individual interest rates set per client.
- Internet Acquiring: Commission charged to merchants for accepting online card payments. Reduced commissions available for new clients until June 30. RUB authorization with 3.5% commission.
- Account Statement Mailing Service: Annual fee of 35 BYN per year for SMS/email account movement notifications.
- Legal Address Rental: 1 BYN rental fee for a registered legal address (юридический адрес) for 6 months, bundled with account opening.
- Loyalty Program «Кветка»: Cashback and discount program funded by interchange fees and partner commissions from retail, beauty, travel, food, and other categories.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Monthly | Добро пожаловать! — Free startup package for new businesses |
| Hybrid | Monthly | БСБ Бизнес Развитие — For individual entrepreneurs with low monthly transaction volumes |
| Hybrid | Monthly | БСБ Бизнес — For small and medium businesses |
| Hybrid | Monthly | БСБ Бизнес Про — Unlimited BYN payments |
| Hybrid | Monthly | БСБ Бизнес Продажи — For retailers and offline sales |
| Hybrid | Monthly | БСБ Бизнес.RUB — RUB and BYN payments for cross-border trade with Russia |
| Transaction based/ take rate | Pay-as-you-go | Зарплатный пакет (Standard) — Salary project for legal entities and IPs |
| Transaction based/ take rate | Pay-as-you-go | Зарплатный пакет IT 2.0 — Salary project for IT companies |
| Transaction based/ take rate | Pay-as-you-go | Money transfers |
| Subscription | Annual | Account statement mailing service |
| Transaction based/ take rate | Pay-as-you-go | RUB Authorization (Internet acquiring in Russian rubles) |
| Subscription | Multi-year contract | Legal address rental |
| Freemium | Monthly | Self-employed cards — Visa Classic for artisans |
| Transaction based/ take rate | Pay-as-you-go | E-POS QR/payment link acquiring |
Go-to-market motion4 records
Distribution channels8 records
Marketing channels8 records
BSB Bank product offering
Product offeringCore offering
BSB Bank is a Belarusian universal bank providing retail and commercial banking services under a Banking License from the National Bank of the Republic of Belarus. Core offerings include payment cards (Visa, Mastercard, Belkart) for individuals and businesses, multi-channel acquiring (POS terminals, Internet Acquiring, BSB SMART Android softPOS, E-POS QR codes, BSB Link), settlement account packages (RKO), salary projects, corporate lending (working capital, investment credit, overdrafts), factoring (including international two-factor via FCI), leasing, bank guarantees, and the Кветка loyalty program. Specialized offerings include the Telegram-based Mini App for individual FX rate locking, USD salary disbursement for IT companies (IT 2.0), and simplified-tax banking for self-employed individuals.
Product overview
BSB Bank (Белорусско-Швейцарский Банк) is a Belarusian bank offering a comprehensive suite of banking products for both retail and business clients. The core offerings include payment cards (Visa, Mastercard, Belkart), mobile and internet banking platforms, and acquiring services (trade, internet, BSB SMART Android terminal, E-POS QR payments). Business solutions encompass settlement accounts with RKO packages, salary projects, business lending, factoring, leasing, and bank guarantees. The bank also provides specialized services for self-employed individuals, corporate cards, currency exchange, money transfers (including Golden Crown system), and loyalty programs. Additional services include business registration assistance, legal address rental, smart-cash registers, and API integrations. The portfolio operates as a unified banking platform with modular add-on services for specific business needs.
Differentiator
Problem solved
Functional benefit
Brands
- КВЕТКА (Kvetka): Loyalty program offering discounts and cashback from partners for cardholders.
Products and services
- BSB Bank Mobile Application Full-featured mobile banking application for retail and business clients supporting account management, card controls, currency exchange, transfers, contactless payment tokenization (Apple Pay, Samsung Pay, Garmin Pay, Xiaomi Pay, Swoo Pay, Belkart Pay), BSB Link invoicing, and Mini App integration. Available on iOS App Store, Google Play, and Huawei App Gallery.
- Internet Banking Online banking platform for managing accounts, payments, and business operations remotely, including integration with 1C accounting software. Includes a free counterparty-check (Проверка контрагента) service embedded in the platform. Public API (BSB Web API) is available to developers and businesses for integration.
- Card-to-Card Money Transfers (incl. MoneyApp) Money transfer services supporting transfers between cards of any bank in Belarus and internationally, a dedicated MoneyApp mobile application for transfers and collections, free transfers between BSB Bank cards, reduced-commission transfers to external cards, and international currency transfers via Golden Crown (Золотая корона) handled in branch with minimal documentation. Inter-bank transfers start from 1.5% of transfer amount.
- Visa Cards Visa-branded payment cards including instant Visa cards (sold at retail PoS and gas stations), Visa Classic, Visa Gold, Visa Platinum, and Visa Business variants for retail and business clients. Supports Apple Pay tokenization and free individual card design.
- Mastercard Cards Mastercard-branded payment cards including instant Mastercard Standard, Mastercard Gold, Mastercard Business, Mastercard Business Gold, Mastercard Black Edition, MC Моцная, and a free virtual Mastercard for online purchases and digital payments. Supports tokenized contactless via Xiaomi Pay.
- Belkart Cards Belarusian national payment-system cards including personal Belkart cards and Belkart Corporate cards for businesses. Supports Belkart Pay contactless payments and tokenized mobile payments.
- Corporate Cards Corporate payment cards (Visa Business, Mastercard Business, Mastercard Business Gold, Belkart Corporate) issued to legal entities and IPs for business expense management with online controls and integration with RKO packages and salary projects.
- Trade Acquiring (POS Terminal Services) Trade acquiring services using POS terminals for accepting card payments at physical retail locations, available to legal entities, individual entrepreneurs, and self-employed individuals.
- Internet Acquiring Online card-payment processing service for websites and social networks, enabling businesses to accept card payments over the internet. Supports RUB Authorization for cross-border RUB settlements to BYN at a 3.5% commission with a transparent FX rate (payment-system average + 0.1%).
- BSB SMART (Android SoftPOS) SoftPOS service enabling contactless card acceptance on an Android smartphone with no dedicated POS hardware. Functions as a payment terminal in the merchant's own device, suitable for mobile merchants and small sellers.
- E-POS QR / Payment-Link Acquiring Payment acceptance service via QR code or payment links that allows businesses to accept payments without installing a POS terminal, at a fixed 1.2% commission. Settlement is in BYN.
- BSB Link (Global Invoice Acceptance) Service enabling merchants to send invoices via social-media messaging channels (e.g., messengers) and accept business payments from anywhere in the world; customers pay via cards from any country through the link.
- Settlement Account Packages (RKO Packages) Package-based settlement and cash services for businesses and IPs comprising six tiers: "Добро пожаловать!" (free startup package for new businesses, 6-month validity), "БСБ Бизнес.Развитие" (5.50 BYN/month, for low-volume IPs), "БСБ Бизнес" (14 BYN/month, SMB-focused), "БСБ Бизнес.Про" (28 BYN/month, unlimited BYN payments), "БСБ Бизнес.Продажи" (44.49 BYN/month, retail-focused with free smart-cash register), and "БСБ Бизнес.RUB" (30 BYN/month, RUB/BYN cross-border trade). All include account opening, BYN + foreign-currency account maintenance, and internet/mobile bank access.
- Salary Project Packages Payroll (salary-project) services for legal entities and individual entrepreneurs comprising the Standard salary package (individual rates negotiated per client; up to 5 free corporate Mastercard Business/Visa Business/Belkart Corporate cards) and the IT 2.0 package for IT companies (0.19% on salary disbursement, USD salary support, free premium cards including Visa Platinum/Infinite/MC Black Edition for management, and free cash withdrawal at BSB Bank and Alfa-Bank partner ATMs). Onboarding is fully digital via Internet Bank with electronic digital signature.
- Business Lending Corporate credit services for legal entities and individual entrepreneurs including working-capital credit lines (up to 1 year), investment credit (up to 3 years), and overdraft facilities, with individual interest rates set per client.
- Factoring Services Trade financing services including classical single-factor factoring (up to 200 days payment deferral) and international two-factor factoring for foreign-trade operations. BSB Bank operates as both export-factor and import-factor through its FCI (Factors Chain International) membership since January 2017.
- Leasing Leasing services for legal entities and individual entrepreneurs covering real estate, vehicles, and equipment.
- Bank Guarantees Bank guarantee products for legal entities covering tender guarantees, customs guarantees, payment security guarantees, and contract fulfillment guarantees.
- Kvetka Loyalty Program (Кветка) Multi-partner loyalty program offering cashback and discounts in categories including beauty and health, jewelry, flowers, children's goods, education, leisure and hobbies, clothing and footwear, cafes and restaurants, tourism, transport, auto, home, and pets. Cashback-enabled categories vary from discount-only. Funded by interchange fees and partner commissions.
- Telegram Mini App "My Course" (Мой курс) Telegram-based Mini App that allows clients to lock in an individual exchange rate for currency exchange. Accessible through the @mycourse_bsb_bot in Telegram.
- Online Business Account Opening Digital account opening service for legal entities and IPs allowing business accounts to be opened without visiting a branch, using interbank identification (MSI). Account opening is supported in BYN, RUB, CNY, EUR, and USD currencies. Account opening is free for new businesses.
- Services for Self-Employed (Самозанятые) Specialized banking services for self-employed individuals (Самозанятые) operating under Belarus's professional-income simplified tax regime (НПД). Includes free Visa Classic issuance, 0.5% income-receipt rate, no reporting requirements, no tax declarations, and replacement of four taxes with a single 10% tax. Also supports currency receipts and card-payment acceptance.
- Smart-Cash Registers (Смарт-кассы 3 в 1) 3-in-1 hardware device (AISINO A90) combining payment terminal, cash register, and receipt printer for businesses with high mobility needs. Provided free of charge with the БСБ Бизнес.Продажи package.
- Business Registration Services Free online document preparation service for registering legal entities — IPs, ООО (LLCs), and ЧУП (unitary enterprises) — delivered by email, without requiring a bank visit.
- Legal Address Rental Legal address (юридический адрес) rental service at 1 BYN for 6 months, payable from a BSB Bank settlement account. Bundled with account opening.
- Currency Exchange Services Currency exchange services covering BYN, RUB, CNY, EUR, USD, GBP, CHF, UAH, and PLN with live rates displayed on the website, currency calculator, and individual exchange rates available through the "My Course" Telegram Mini App.
Quantifiable outcome
- Up to 200 days payment deferral available under factoring arrangements
- +6 more outcomes
Companies that use BSB Bank
Customer profileSegments7 records
Ideal customer profiles7 records
BSB Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration15 records
Feature8 records
BSB Bank partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Factors Chain International (FCI)coreBSB Bank is a member of Factors Chain International (FCI), the world's largest international factoring association, since January 2017. Membership enables the bank to offer both export and import factoring as export-factor and import-factor for Belarusian and foreign counterparties through the FCI partner network.
- VISAcoreVISA card scheme partnership for issuing and accepting Visa-branded cards. BSB Bank issues Visa Classic, Visa Gold, Visa Platinum, Visa Infinite, and Visa Business cards. Visa Pay supports Apple Pay integration.
- MastercardcoreMastercard card scheme partnership for issuing and accepting Mastercard-branded cards. BSB Bank issues Mastercard Standard, Mastercard Gold, Mastercard Business, Mastercard Business Gold, and Mastercard Black Edition cards.
- Белкарт (Belkart)corePartnership with Belarusian national payment system Белкарт for issuing Belkart Corporate and Belkart personal cards. Belkart supports Belkart Pay contactless mobile payments.
- National Bank of the Republic of Belarus (НБ РБ)coreBSB Bank operates under regulatory supervision of the National Bank of the Republic of Belarus. The bank publishes prudential norms compliance monthly and submits to IFRS and NSFO annual audits. Correspondent account: BY12 NBRB 3200 0017 5001 3000 0000.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
BSB Bank competitors and assessment
Company assessmentDirect peers
- Belarusbank: Largest state-owned universal bank in Belarus serving retail, SMEs, and corporates with full banking services. BSB's primary national competitor across cards, payments, lending, and RKO.
- MTBank: Belarusian digital-forward retail/SME bank with comparable target segments (private clients, IPs, SMEs) and similar product innovation ethos, including mobile-banking-centric offerings.
- Belagroprombank: Major state-owned Belarusian bank serving SMEs, agro sector, and corporate clients with universal banking services including lending, cards, and acquiring.
- Priorbank: Belarusian subsidiary of Raiffeisen Bank International; competing in retail and SME banking with international banking relationships and multinational corporate reach.
- BPS-Sberbank: Russian-Sberbank-owned Belarusian bank offering full retail, SME, and corporate banking; directly comparable scope of services to BSB including cards, salary projects, and acquiring.
- Belgazprombank: Large Belarusian bank with Russian energy-sector ties, providing universal banking services to retail and corporate clients — comparable product breadth to BSB at larger scale.
- VTB Bank (Belarus): Russian state-owned VTB's Belarusian subsidiary offering retail, SME, and corporate banking products — direct overlap with BSB on cards, RKO, salary projects, and acquiring.
- Alfa-Bank (Belarus): Russian Alfa-Bank's Belarusian subsidiary; directly comparable as BSB's ATM-sharing partner and direct retail/SME competitor on cards, payments, and digital banking.
- Bank Dabrabyt: Mid-sized Belarusian commercial bank serving retail and SME clients with similar scope of services — closer peer for BSB by virtue of comparable scale than the state-owned giants.
- Belarusky Narodny Bank: Smaller Belarusian commercial bank offering corporate lending, factoring, and retail services; relevant comparable for BSB's niche positioning and trade-finance capabilities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
BSB Bank compliance and trust
Trust signalCompliance3 records
BSB Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
BSB Bank leadership team
Management profileNumber of profiles
Profiles5 records
BSB Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BSB Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BSB Bank
What does BSB Bank do?
BSB Bank is a Belarusian universal bank providing retail and commercial banking services under a Banking License from the National Bank of the Republic of Belarus. Core offerings include payment cards (Visa, Mastercard, Belkart) for individuals and businesses, multi-channel acquiring (POS terminals, Internet Acquiring, BSB SMART Android softPOS, E-POS QR codes, BSB Link), settlement account packages (RKO), salary projects, corporate lending (working capital, investment credit, overdrafts), factoring (including international two-factor via FCI), leasing, bank guarantees, and the Кветка loyalty program. Specialized offerings include the Telegram-based Mini App for individual FX rate locking, USD salary disbursement for IT companies (IT 2.0), and simplified-tax banking for self-employed individuals.
Is BSB Bank a public or private company?
BSB Bank is a private company. It is classified as unknown and is currently operating.
When was BSB Bank founded?
BSB Bank was founded in 2002. It employs 11 to 50 people.
Where is BSB Bank based?
BSB Bank is headquartered in Minsk, Belarus, in the Europe region.
How does BSB Bank make money?
Ten revenue lines are on record. RKO (Settlement and Cash Services) Package Fees are the primary driver. The others are salary Project Fees, money Transfer Fees, card Issuing and Acquiring, factoring Services, corporate Lending, internet Acquiring, account Statement Mailing Service, legal Address Rental and loyalty Program «Кветка».
Who are BSB Bank's main competitors?
Direct peers on record are Belarusbank, MTBank, Belagroprombank, Priorbank, BPS-Sberbank, Belgazprombank, VTB Bank (Belarus), Alfa-Bank (Belarus), Bank Dabrabyt and Belarusky Narodny Bank.
Does BSB Bank have an API?
Yes. BSB Bank offers a public-facing API called BSB Web API for developers and businesses. The API enables integration with BSB Bank's internet banking services. Additionally, integration with 1C accounting software and online bookkeeping is available for business clients. Developer documentation is at www.bsb.by/bsb-webapi.