Russians can still use Visa and Mastercard for domestic purchases, authorities say

Impact of US card giants’ move diluted after local Mir payment system clarifies ban only affects foreign paymentsConsumers will still be able to use Mastercard and Visa-branded cards for domestic purchases in Russia, the country’s state-backed payments network has said, reducing the impact of the US firms’ decision to pull services over the invasion of Ukraine.Russia’s homegrown payments system Mir said the cardholders would still be able to access their funds, make withdrawals and domestic transfers – at least until their bank cards expire. Continue reading...

Russians can still use Visa and Mastercard for domestic purchases, authorities say

Impact of US card giants’ move diluted after local Mir payment system clarifies ban only affects foreign payments

Consumers will still be able to use Mastercard and Visa-branded cards for domestic purchases in Russia, the country’s state-backed payments network has said, reducing the impact of the US firms’ decision to pull services over the invasion of Ukraine.

Russia’s homegrown payments system Mir said the cardholders would still be able to access their funds, make withdrawals and domestic transfers – at least until their bank cards expire.

Continue reading...