Russia to force card issuers to use domestic payment system | WHAT REALLY HAPPENED

Russia to force card issuers to use domestic payment system

Two Russian deputies have submitted a bill to the State Duma that would require all foreign and domestic payment card issuers to work exclusively with the new National Payment System in Russia.

"National System of Payment Cards (NSPC) will be an operational and payment center, banks and international payment systems shall interact only with NSPC - we need to understand what processes are happening in the territory of Russia,” Vedomosti quotes Marina Mukabenova, one of two deputies who submitted the bill.

Some countries, like Turkey, are already using such a scheme, Mukabenova said.

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