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:

Russian Online Retail Market is Growing
The AliExpress and Tmall Plan to Sell Limited Collections of Russian Designers
Russian Shrinkflation
The Russian Direct Investment Fund will Invest in Artificial Intelligence
Large Foreign Companies Showed the Worst Results in Entering and Leaving the Russian Market in 2018

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
St. Petersburg  business  music  Sheremetyevo  Russian offshore companies  Russian tourism  Russian Literature  Solovki  children  Theater Olympics  European Bank for Reconstruction and Development  Ancient Books  Pacific Music Festival  odd news  Russian opera  airport transfer in Russia  travel to Russia  Aleksandr Demyanenko  Altair Mountains  Musicals in Moscow  Irkutsk Region  Starotobolsky Highway  Rostov metro  Russian International  Balakhna  Mercedes-Benz Fashion Week Russia  Russian National Parks  Far East  Moscow Theatres  Volgograd Region  Russian regions  Festivals in Moscow  Russian business  Aleksei Tolstoi  Natalia Goncharova  Ceramics  Russian Premier League  Wild Nature of Russia  Labirintia   Moscow  book hotels in Russia  Sochi 2014  Valeriy Karpin  Nordic Yards  Tchaikovsky Moscow State Conservatory  Aleksey Leonov   Russian Cinema  Exhibitions in Moscow  Geyzernaya River  Astrakhan 

Travel Blogs
Top Traveling Sites