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Russia to launch its payment system after blocked by Visa,Mastercard




Last week MasterCard and Visa stopped servicing some Russian banks, which shows the Russian market remains the monopoly of international operators.

Although the payment systems resumed operations with Russia's SMP Bank on Sunday, it is estimated clients withdrew about $111 million from their accounts in just two days.

After years of rhetoric over the need to launch a domestic payment system in Russia, it may become a reality soon.

Read Full Story: http://rt.com/business/russia-payment-system-visa-...

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madammidwest
madammid...

Female, Age Private, Kansas City, MO

Posted March 26, 2014


Lol....Visa and MasterCard need to stick to the numbers, seriously. The representatives of both of these companies paint Visa and MasterCard in a bad light by throwing their opinions around and showing disdain. They look hypocritical especially when there wasn't a voice protesting America's interfering with Syria--the same country that our government supplied ammo and guns to concerning the Syrian rebels, and then had the nerve to ignite the threat of war. A red line will never be greater than the blue skies that God look down from.






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