Arab Today, arab today russia issues first national payment card
Last Updated : GMT 03:27:31
Arab Today, arab today
Arab Today, arab today

Russia issues first national payment card

Arab Today, arab today

Arab Today, arab today Russia issues first national payment card

Bank Rossiya, whose headquarters are pictured in St. Petersburg
Moscow - AFP

Russian banks on Tuesday began to issue the first national payment card as an alternative to Visa and Mastercard, an idea championed after Western sanctions left some consumers unable to make card purchases.

The "Mir" card -- a name that could be translated both as "peace" and "world" -- was issued by a string of banks, among them Gazprombank, Rossiya bank and others blacklisted by the West following Moscow's annexation of Crimea from Ukraine last year.

The emission and distribution of the card mark a "most important stage in ensuring the country's financial sovereignty," said a statement by the National System of Payment Cards (NSPK), an entity created by the Russian Central Bank last July in a bid to reduce dependance on the West.

A total of 35 banks are participating in the payment system, and seven have issued the card in the pilot programme, the Russian central bank said, publishing a picture of the blue and green-coloured cards.

Bank Rossiya and its affiliated banks were blacklisted last March after Crimea's annexation. The US Treasury described Rossiya as a "personal bank" for Russian senior officials.

In July, sanctions also hit Gazprombank, one of Russia's largest.

As a result the banks' customers were barred from using Visa and Mastercard credit cards.

Putin said at the time that the popular US-based payment systems Visa and Mastercard are "susceptible to very strong political influence and immediately bend under pressure."

Bank Rossiya's chairman Andrei Khorobrov called the launch of the new card "an event of historic significance" which ensures "autonomy, security and protection of Russian cards from external factors."

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russia issues first national payment card Arab Today, arab today russia issues first national payment card

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russia issues first national payment card Arab Today, arab today russia issues first national payment card

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iran tests new medium-range missile

GMT 21:24 2017 Saturday ,23 September

Iran tests new medium-range missile
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday