What International Processing Systems does

International Processing Systems (ООО «Международные процессинговые системы», operating under the IPSPay brand) is a Russian payment processing company founded in 2012 with founding support from ЗАО «Сирена-Трэвел» (Sirena-Travel), a system-forming GDS operator in the Russian aviation sector. The company is headquartered in Moscow and operates PCI DSS v. 4.0.1-certified infrastructure using its own data centers inside Russia, providing data sovereignty relevant to post-2022 Russian payment-processing requirements.

The company's product portfolio is organized around a core IPSPay internet-acquiring engine extended with three vertical-specific solutions: LEONARDO PAYMENT (a payment gateway embedded inside the LEONARDO Passenger Service System for airlines), E-COMMERCE (a universal platform for airlines that adds IATA BSP agency-sales processing via GDS), and TCH Payment (an end-to-end ticketing and settlement platform for travel agencies integrating with Sirena-Travel, Amadeus, Sabre, and Travelport plus ЦЭБ ТКП). A tiered White Label program lets Russian banks offer IPSPay-powered merchant acquiring under their own brand, with options ranging from software-only to full VisaNet/BankNet clearing. The platform supports card schemes (Visa, Mastercard, МИР, Amex, JCB, UnionPay, Diners Club), modern Russian payment methods (SBP, SberPay, AlfaPay, GazpromPay, ЯPay), digital wallets (Yandex.Money, WebMoney, QIWI, Rapida), and features such as multi-acquiring routing across six partner banks (UCS, AlfaBank, Sberbank, VTB, RSB, Gazprombank), MOTO transactions, recurring billing, IVR payments, BNPL installment plans, customizable hosted payment pages, and a back office with real-time fraud monitoring visualization.

IPSPay monetizes via transaction fees starting from 0.1% of turnover on a volume-tiered, quote-based model billed monthly, distributed through a direct B2B sales-led motion (website application form, dedicated phone line 8 800 550-78-52, and sales email [email protected]) targeting four primary segments: airlines, travel agencies, banks (as white-label partners), and e-commerce merchants. Operations are confined to the Russian domestic market with no disclosed international expansion, no disclosed revenue, funding, or headcount growth metrics, and no disclosed M&A or leadership changes in the available source data.

Name

International Processing Systems

Legal name

ООО «Международные процессинговые системы»

Website

https://ips.su

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

International Processing Systems (IPSPay) is a Russian payment processor founded in 2012, providing internet acquiring and vertical-specific payment gateways for airlines, travel agencies, banks (via white-label), and e-commerce merchants across the Russian domestic market.

Ownership category

akta.pro rank

Product category

Payment Processing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

akta.pro primary industry

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)

akta.pro secondary industries

Processor-Agnostic / White-Label Acquiring Platforms (Acquiring-as-a-Service) (FSAMABAI), Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA), Merchant Acquiring & Card Processing (PSPs) (CRAFALAB), Merchant Acquiring & Processing Platforms (BPAMAFAB)

Keywords

• Payment processing
• Internet acquiring
• Airline payments
• Travel agency solutions
• White label banking

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Payment Processing / Transaction Fees: The company charges a percentage fee on transaction volume. Pricing starts from 0.1% of turnover depending on business volume. This is the primary revenue stream from providing payment gateway and processing services to merchants.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

International Processing Systems (trading as IPSPay) operates a proprietary payment processing platform that delivers internet acquiring, multi-acquiring transaction routing, and intelligent fraud monitoring for merchants. The portfolio includes vertical-specific solutions: IPSPay Internet-Acquiring for general e-commerce, LEONARDO PAYMENT and a universal E-COMMERCE platform for airlines (with GDS/BSP integration), TCH Payment for travel agencies, and White Label deployments for banks.

Product overview

International Processing Systems (ООО «Международные процессинговые системы», trading as IPSPay) is a Russian payment processing company founded in 2012 as part of the Sirena-Travel industry group. Its product portfolio centers on IPSPay, a modular payment processing ecosystem that covers internet acquiring, fraud monitoring, and multi-acquiring routing. The portfolio includes specialized vertical solutions: LEONARDO PAYMENT (payment gateway for airlines integrated into the LEONARDO PSS), the universal E-COMMERCE platform for airline BSP processing via GDS, TCH Payment (a universal platform for travel agencies integrated with multiple GDS systems and ЦЭБ ТКП), and White Label solutions for banks offering three tiers from IPSP-only to full VisaNet/BankNet clearing. The products share a common fraud-monitoring back office and support common payment methods (SBP, SberPay, AlfaPay, GazpromPay, ЯPay, digital wallets) while being differentiated by vertical integration depth.

Differentiator

Problem solved

Functional benefit

Brands

• IPSPay: Primary brand for internet acquiring and payment solutions including multi-acquiring, fraud monitoring, and payment gateway services.
• Leonardo Payment
• TCH Payment
• E-commerce

Products and services

• IPSPay Internet-Acquiring (IPSPay Интернет-эквайринг) Hosted internet acquiring service enabling merchants to accept online card payments and alternative methods (SBP, SberPay, AlfaPay, GazpromPay, ЯPay, digital wallets) with multi-acquiring routing, customizable branded payment pages, intelligent fraud monitoring, and a real-time back office for reporting.
• E-commerce for Business (E-commerce для бизнеса) Payment automation product for online stores and internet retailers, providing secure bank card acceptance, integration with CMS platforms (1С-Битрикс, Drupal), recurring billing, MOTO/IVR transactions, BNPL installment plans, and visualized fraud monitoring.
• LEONARDO PAYMENT Specialized payment gateway embedded within the LEONARDO Passenger Service System (PSS) that enables airlines to accept Visa, MasterCard, MIR, American Express, JCB, UnionPay, Diners Club, and other electronic payments via website, POS terminals, and self-service kiosks. Includes FFP loyalty program support, pre-authorization, hold, verification, and airport fraud alert visualization.
• E-COMMERCE Universal Technology Platform for Airlines (E-COMMERCE универсальная технологическая платформа) Universal e-commerce technology platform for IATA BSP-participating airlines that processes agency sales through GDS systems (Amadeus, Sabre, Travelport, Sirena-Travel). Includes all LEONARDO PAYMENT functionality plus BSP processing and customization for airline-specific payment requirements; can be embedded into any inventory solution.
• TCH Payment Universal payment platform for travel agencies covering the entire ticketing process from online payment to settlement. Integrates with GDS systems (Sirena-Travel, Amadeus, Sabre, Travelport) and ЦЭБ ТКП (Avia Center Electronic Ticketing) to process air, hotel, and rail bookings, including exchanges, returns, and cancellations via bank cards or electronic payments.
• White Label Payment Solution for Banks White-label payment processing offering for banks in three deployment tiers: (1) IPSP only, (2) IPSP with VisaNet/BankNet bank processing and authorization, and (3) full IPSP with VisaNet/BankNet and payment clearing. Enables banks to deliver merchant acquiring services under their own brand with branded dashboards and merchant support.

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

Feature6 records

Partnerships

14 partnerships are on record, tiered flagship and core.

• Sirena-Travel (ЗАО Сирена-Трэвел)flagshipStrategic or Co-development Partner · 1 January 2012Strategic parent company that provided founding support in 2012. The company is part of the systemic industry group that includes Sirena-Travel and TCH. Sirena-Travel is a major Russian GDS system.
• UCS (United Credit Systems)coreTechnology or IntegrationAcquiring bank partner for payment processing. UCS logo is displayed as one of the bank partners enabling multi-acquiring transaction routing.
• AlfaBankcoreTechnology or IntegrationAcquiring bank partner. AlfaBank logo displayed among bank partners for transaction routing.
• SberbankcoreTechnology or IntegrationMajor acquiring bank partner. Sberbank logo appears among bank partners for payment processing.
• VTB BankcoreTechnology or IntegrationAcquiring bank partner. VTB logo displayed among bank partners.
• RSB (Russian Standard Bank)coreTechnology or IntegrationAcquiring bank partner. RSB logo appears among bank partners.
• GazprombankcoreTechnology or IntegrationAcquiring bank partner enabling GazpromPay payment method acceptance.
• AmadeuscoreTechnology or IntegrationGlobal Distribution System (GDS) integrated with IPSPay solutions for airlines and travel agencies.
• SabrecoreTechnology or IntegrationGlobal Distribution System (GDS) integrated with IPSPay payment solutions for aviation industry.
• TravelportcoreTechnology or IntegrationGlobal Distribution System (GDS) integrated with IPSPay solutions for travel agencies.
• VisacoreTechnology or IntegrationPayment system for card transaction processing and direct authorization through VisaNet.
• MasterCardcoreTechnology or IntegrationPayment system partner for card transaction processing.
• NSPK (National Payment Card System / Mir)coreTechnology or IntegrationRussian national payment system for processing Mir card transactions.
• TCHflagshipStrategic or Co-development PartnerPart of the same systemic industry group as IPSPay and Sirena-Travel. TCH provides travel industry payment solutions.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• CloudPayments: CloudPayments is a Russian developer-focused PSP offering payment gateway, recurring billing, and tokenization. It competes with IPS on technical sophistication for mid-to-large e-commerce and subscription merchants.
• PayMaster: PayMaster is a Russian internet-acquiring aggregator supporting many payment methods. It is a comparable PSP competing in the same SMB and mid-market e-commerce segments.
• Assist: Assist is a Russian PSP focused on e-commerce, travel, and recurring billing, with strong integration depth. It overlaps with IPS on merchant acquiring and travel-sector payments.
• Uniteller: Uniteller is a Russian payment service provider offering internet acquiring, payment gateway, and processing for e-commerce and travel. It is one of the longest-standing direct competitors in the Russian PSP market.
• Robokassa: Robokassa is a Russian internet-acquiring aggregator and payment gateway supporting many of the same alternative methods (wallets, SBP, cards). It is a direct competitor to IPSPay for online merchants and small businesses.
• YooKassa (formerly Yandex.Checkout): YooKassa is the largest dedicated non-bank PSP in Russia, offering internet acquiring, payment gateway, and a broad suite of alternative payment methods. It competes head-to-head with IPSPay on the same merchant segments (e-commerce, recurring, modern rails like SBP).

Broad incumbents

• Sberbank Internet Acquiring: Sberbank runs the largest acquiring business in Russia and is both a partner and competitor of IPS (it routes through Sberbank as one of IPS's acquiring banks). It overlaps with IPS on merchant acquiring, SberPay, and broad payment method acceptance.
• T-Bank (Tinkoff) Acquiring: T-Bank operates a major in-house acquiring business bundled with its broader digital bank and SMB platform. It is a broader incumbent that offers the same core PSP functionality as IPS but as part of a wider banking, SaaS, and lending stack.
• VTB Acquiring: VTB Bank offers merchant acquiring and payment services as part of its corporate banking platform. It overlaps with IPS on the acquiring layer and is one of IPS's partner banks.
• Alfa-Bank Acquiring: Alfa-Bank offers bank-owned acquiring as part of its SMB and corporate banking stack. It is both a partner and competitor of IPS, with overlapping coverage of AlfaPay QR and acquiring services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/international-processing-systems-llc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about International Processing Systems