Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russia's National Payment System to Start Producing Cards in December
29.03.2015 18:48
Russia's National Payment System to Start Producing Cards in December

Russia's National Payment Card System (NPCS) will begin producing its own cards in December 2015 and then will make them co-badged with Visa and MasterCard in 2016.

      The system will start processing some MasterCard transactions from March 31, as all banks that use MasterCard have been certified in time. Visa is expected to miss the deadline a little bit, but it is planned to certify all banks that use the Visa payment system and transfer them to the NCPS payment processing platform. About 31 banks which use the Visa payment system have been certified currently.

      The new National Payment Card System platform will allow all payment processing done by Visa and MasterCard to be done inside Russia instead of being routed through data centers in other countries. The new system will also allow Crimean residents, who are subject to sanctions, to use their bank cards for purchases on the peninsula.

Author: Julia Alieva

Tags: NPCS Russian banks Russian credit cards Russian payment system  

Next Previous

You might also find interesting:

Sales of Russian Wines Reached 52%
The PMI of Manufacturing Companies Dropped Down
The Index of Business Activity of Russian SMEs Dropped Down
The Venture Capital Market in Russia Decreased by 35% in the First Half of 2019
Russian Educational Startup Raises $ 6 Million Investment

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Mercedes-Benz Fashion Week Russia  Russia tours  Robots  Elections 2012  Chelyabinsk Region  Kostroma  travel to Russia  Zaraysk  Sheremetyevo  international forum  Mikhailovskoye  Russian Fairy Tales  Vyacheslav Shilov  Russian shops  Russian people  Russian regions  Russian art  Unusual Monuments  Russian airports  Great Patriotic War  Bakhrushin State Theater Museum  St. Petersburg  Tula Oblast  VR Projects  Alexander Gorodnitsky  Rosatom  Christmas  the Russian Academy of Sciences  Alexander Volkov  Moscow Region  Exhibitions in Moscow  TNK-BP  Vyacheslav Tikhonov   Akron  Oleg Krotkov  Archeology  United Russia  Russian actors  Moscow  Tyumen Oblast  Transportation  Russia Travel Tips  Old Moscow  Vadim Delaunau  Russian Cinema  Russian business  Silk Road  Festivals in Moscow  Russian tourism  Vologda 

Travel Blogs
Top Traveling Sites