Russian National Payment System
Visa and MasterCard will not be banned in Russia after the establishment of the Russian National Payment system, reported by RIA Novosti” with reference to the First Deputy Prime Minister Igor Shuvalov, Russia.
"It will not be created in isolation, it will serve a specific segment of the market and are able to interact with other international payment systems, and we will not prohibit the Visa and MasterCard. Thus, the service menu will be much wider, "- Shuvalov said in the program" Vesti on Saturday with Sergei Brilev.
On Friday Russian Parlament finally approved to establish a National Payment System of Russia payment cards (NBTS) and ensuring the smooth operation of the international payment systems.
The issue of security of domestic card transactions arose after the foreign payment systems Visa and MasterCard stopped processing and in response to the United States sanctions against the bank "Russia" and the owners of SME Bank. All transactions and operating of Russian National Payment System will be under control of Central Bank of Russia.