Pagin (formerly RNKO Payment Designer)

History

2025: Conversion to a bank with assets of 8.4 billion rubles

In mid-October 2025, the Bank of Russia issued a basic license to Pagin Bank, which previously worked under the name Payment Designer in the status of a settlement non-bank credit institution. Its assets amount to 8.4 billion rubles, its own funds - about 1 billion rubles.

RNKO "Payment Designer" was created in 2022 with an authorized capital of 340 million rubles. According to Interfax, the owner of the new bank is the Russian fintech company Pei Engin LLC, which in August 2025 increased its share in the structure of the credit institution from 67.7% to 99%. The name of the RNKO has been changed to Bank Page LLC (abbreviated in English - Bank Paygine Ltd), the bank's charter has been approved in a new version.

𝓲

Фото: Freepik

In accordance with the decision of the general meeting of participants dated 11.09.2025 (Minutes No. 11), the status of the Limited Liability Company Settlement Non-Bank Credit Organization "Payment Designer" has been changed to the status of a bank with a basic license, the statement said.

The organization's website notes that the new status does not entail any changes in the rights and obligations of the bank in relation to its counterparties under previously concluded agreements and does not require re-registration of documents. All contracts and agreements concluded by the bank earlier as RNKO Payment Designer LLC continue to operate and remain in force.

It is noted that the bank accepts payments, and also provides payment services for legal entities. The partner is Paygine, a Russian fintech company and processing center. Its products and services are allegedly used by the largest Russian banks, microfinance and microcredit organizations, marketplaces and aggregators, medium and small businesses.^[1]

2024

Settlement non-bank credit institution "Payment Center."

As of April 2024, the main activities of the RNKO are:

• acquiring bank cards;
• issuance of virtual prepaid bank cards for individuals, legal entities and individual entrepreneurs;
• settlement of transactions using electronic means of payment and money transfers.

Notes