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:

Business Activity in the Areas of Production and Services Fell Below a Critical Level
The Far Eastern High Technology Fund, Created in 2018, has Decided on its First Investments
The Share of High-tech Industries in the Russian Economy Fell Down in 2018
Russian Companies were Minimally Involved in the Transactions on the Purchase of Foreign Business in 2019
Mass Production of Aurus Cars will be Launched

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Kemerovo  Russian circus  Archaeology  Russian tourism  obituary  Exhibitions in Moscow  Charity  Geoportal  Swimming pool  Church  Russian models  Dance Open Ballet Festival  Mosque  protest actions  Erwin Wurm  Festivals in Moscow  extreme tours in Russia  Award Ceremony  Russian Monuments  Kondopoga  foreign language films  environment  travel to Russia  mobile network operators  Historical Background  Russian Cinema  Department of Education of Moscow  St. Petersburg  Mercedes-Benz Fashion Week Russia  Ivan Aivazovsky  minors  meteorite rain  ROSCOSMOS  Rusian Culture  Museums of Russia  Russian business  Russian regions  Alexander Lebedev  Russian churches  Must See Places  Carrier Rockets  Russian media  Moscow  space  Cancer  contemporary art  New Medicines  Opposition  Vyacheslav Tarnovetsky  AvtoVAZ  

Travel Blogs
Top Traveling Sites