International payment system MasterCard will continue to work in Russia and adapted to the new rules, said the executive director of Ajay Banga at the annual meeting of the Institute of International Finance in Washington. According to him, the change imposed sanctions against Russia, he is not able to, and it is to adapt to the new rules of the game.
MasterCard plans to stay in the Russian market, stressed Banga, considering it a promising platform. Head of Payment System noted that work with companies regulated under sanctions, in particular, with “Rosneft”, they can not, but because Russia is not going away, reports Tass.
In the spring of 2014, after the adoption of sanctions against the United States of a number of Russian banks, Visa and MasterCard have stopped their service. Then, the State Duma adopted a law under which international payment systems should deduct the money to ensure continuity of settlement. The amount of such contributions must equal the sum of the two-day transfers on the territory of the Russian Federation. Payment systems called these demands unacceptable, and then the government has promised to make concessions.
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