International payment system MasterCard will continue to work in Russia and will adapt to the new rules. At the same time maintain payroll cards of employees of corporations who have come under Western sanctions, the company will not. In an interview with Tass president and CEO Ajay Banga MasterCard. “We have the intention to stay in Russia,” – he assured.
«My approach is that we will comply with the new rules. The law requires us to partnership with the Central Bank of the Russian Federation – said Banga. – We believe that it is reasonable for Russia ».
In response to the question whether the payment system continues to serve the corporate staff payroll cards, blacklisted writers United States and the European Union, the head of MasterCard said,” No, we can not to do this. We can not work with companies regulated under sanctions. ” He stressed that he could not influence the imposed sanctions against Russia, and he has to “react to what is happening».
«We are not going to go out [of Russia], do not worry,” – he added. The Russian market called Bang promising platform for MasterCard.
Payment systems that are not in the Russian Federation national importance should until 31 October to pay a security deposit. By that time, the payment system should be fully transferred to processing and clearing of their cards on the territory of Russia. Find a local partner, who will be recognized nationally significant, and through him to carry out operations, international payment systems offered to the Ministry of Finance.
In August, the Russian authorities have softened the requirements for technical support of the Visa and MasterCard. Payment systems have allowed foreign chips on the cards and allowed to purchase software by subsidiaries of foreign manufacturers in Russia.
In order for the payment system was considered systemically important, remittances to a period of three consecutive months shall not be less than 15 trillion rubles. compared to the current 240 billion rubles. For socially important payment systems threshold increased from 100 billion to 1 trillion rubles. According to estimates of Morgan Stanley, for MasterCard and Visa it will be $ 2.9 billion.
In June, RBC reported that the Central Bank has found a way to Visa and MasterCard did not pay billions security contributions. Regulator proposed payment systems join created the National System of payment cards. In a letter to the First Deputy Chairman of the Central leadership of George Luntovsky Visa and MasterCard noted that localization processing is insufficient for recognition of national significance, but the interaction with the NBTS will free international payment systems from paying fees and fines.
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