Payment systems Visa and MasterCard have been under the auspices of the Bank of Russia, Association “FINTECH” two weeks after joining. This was reported by three sources close to the Russian Association, write “Vedomosti”.
photo: Natalia Gubernatorova
According to interlocutors of the edition, such decision was made because the Association is working on important government projects, and Visa and MasterCard foreign companies that should not have access to Russian developments. However, it is noted that the reasons for excluding companies is not reported.
12 October 2017 payment data systems have become associate members of “Finance”. The head of Mastercard in Russia Alexey Malinovsky noted that cooperation in the framework of the Association “will contribute to the further development of Russia’s cashless economy and the introduction of advanced payment practices and tools”.
At the moment, Visa and Mastercard among the members of the “Finance” on the website of the Association is not specified. However, the representative of the Finance stated that the Association “is open for cooperation” and continues to negotiate with Visa and MasterCard.
As reported on the website “Finance”, the aim of the Association is the development and implementation of new technologies for the development of the Russian financial market and creation of conditions for the digitalization of the Russian economy. Among its founders in addition to Central Bank is Sberbank, VTB, Gazprombank, Alfa Bank, OTKRITIE, Raiffeisen Bank, Qiwi and NPCs, acting as the operator of the Russian payment system “the World”.