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IN BRIEF: Bank of Russia says Visa, Mastercard should leave Russia
According to experts, the final withdrawal of Visa and Mastercard cards from Russia will be smooth and gradual, while users will calmly and progressively switch to Mir cards
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Timeline cronologica
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Share of Visa, Mastercard down to 17% in Russian market — official
Alla Bakina said the banks are performing the gradual substitution by other instruments, including Mir cards
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Bank of Russia points to need for Mastercard, Visa to leave Russian market
They no longer provide the functionality they always ensured, Director of the Bank of Russia’s National Payment System Department Alla Bakina said
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IN BRIEF: Bank of Russia says Visa, Mastercard should leave Russia
According to experts, the final withdrawal of Visa and Mastercard cards from Russia will be smooth and gradual, while users will calmly and progressively switch to Mir cards