Visa and Mastercard payment systems could return to the Russian market in case of canceling US sanctions against the National Payment Card System (NSPK), but so far there have been such signals, said the first Vice President of VTB Dmitry Pyanov. His words are given by RBC.

VTB called for the condition of Visa and Mastercard to Russia
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“One [из платежных систем]In my opinion, completely American, the other can have a significant market share in the US market, that is, they will not be able to work with the NSPK, since the NSPK is included in the United States blocking list, ”said Pyanov In an interview with journalists.

The main manager said that all internal transactions in Russia pass through the NSPK, so the relief of sanctions would become a “true omen” of the return of Visa and Mastercard, but doubted that the US authorities take such a step .

Does Russia need it? VTB vice president added that it is unlikely that the NSPK itself stimulates the return of Visa and Mastercard, which is “unimportant” for the country. “There was a complete adaptation and import substitution, that is, interest in raising sanctions of itself [нет]Yes alone [заинтересованность] To promote some markets from friendly countries, ”he explained.

  • On February 17, the Head of the State Committee of Duma in the financial market Anatoly Aksakov allowed the return of Visa and Mastercard to Russia, who left the country in 2022 in the middle of the beginning of a special military operation in Ukraine. According to the deputy, these payment systems will want to return to Russia, because “they have lost a great market.”

Author:

Anastasia Kossakovskaya

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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