Date: 6 months ago   Category: Economy

The Crimean Genbank has stopped release of the Visa and MasterCard cards ‍ - RIA Novosti, 8/15/2018


MOSCOW, 15 Aug — RIA Novosti. The large Crimean bank — Genbank — has ceased to support the Visa and MasterCard cards of payment service providers issued by him. The commercial organization has transfered the clients to the Russian World card © RIA Novosti / Alexey Filippov to Pass into an image bank Putin and the staff of his administration have already passed "World" to payment cards As the financial consultant of financial establishment has reported to RIA Novosti, on January 23 Genbank has stopped release and rerelease of the Visa and MasterCard cards. The credit institution has explained that the international payment service providers have ceased to support cards of a number of the Russian banks after introduction of the anti-Russian sanctions in 2014. It is noted that there was a risk that these cards will cease to work through the whole country. Thus, the World cards became analogs of traditional Visa and MasterCard. Genbank has emphasized that the bank will continue to support the Visa and MasterCard cards of other Russian banks and won't take the commission at cash disbursement in the ATMs. In 2014 the USA has imposed sanctions against Russia because of the Crimea and a situation in the southeast of Ukraine. After that the Russian banks had had problems with the international payment service providers Visa and MasterCard. The Russian authorities have decided to create in the accelerated order own payment service provider.© RIA Novosti / Alexey Filippov to Pass into an image bank Deputies want to oblige online stores to accept the card "World" According to the latest data, the number of the World cards issued in Russia has already exceeded 37 million. Since summer of 2017 cards are accepted in Armenia. In addition, in May of last year the president Vladimir Putin has signed the law on the stage-by-stage translation of state employees and pensioners on the World payment cards. In turn, banks till July first of the 2017th had to provide their reception in all the devices. From this date at the request of state employees for opening of the new cash card, banks began to issue the World card. At the same time completely state employees have passed to her by July first of this year. Pensioners will be able to receive the World cards instead of acting after their validity period, but not later than July first, 2020. As the head of the National Payment Card System Vladimir Komlev has reported, the World cards by the end of 2020 can receive 65-70 million Russians. In more detail about news of the Crimea — on crimea.ria. ru>>

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