Saturday, December 27, 2014

Aksenov: an alternative to Visa and MasterCard developed by the Russian “smart head” – BBC News

Aksenov: an alternative to Visa and MasterCard developed by the Russian "smart head" – BBC News

The refusal of Visa and MasterCard to work in the Crimea will facilitate the transition of the Crimea and Sevastopol to the Russian payment system, the head of the republic Sergey Aksenov. He noted that all problems will be solved before the start of the tourist season. In an interview with NTV Aksenov said that Russia “is a clever head, which is able to solve this problem” with the assistance of the authorities.

Shutdown Visa and MasterCard, according to Aksenov, little affected the interests of the inhabitants of the peninsula, so as many of them already use cards of Russian banks. Problems experienced only newcomers, he concluded. “Greater dissemination of these payment systems have never been,” – said the head of the region. Aksenov believes that Russia’s new system will combine Russia’s allies, such as India and China.

December 26 international payment systems Visa and MasterCard stopped work on the peninsula of Crimea and Sevastopol city of federal significance. The reason was the US sanctions against the region.

Currently, the two regions of the widespread system map PRO100. While in the Crimea, there are five thousand terminals that accept payment by this system. According to the largest in the region of the Russian National Commercial Bank, they issued more than 200,000 payroll cards PRO100. It is reported that the majority of pensioners on the peninsula also receive social benefits through this payment system, reports Tass.

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