MasterCard reaches agreement with national payment system; Visa may follow

MasterCard has agreed to transfer card processing inside Russia to the National System of Payment Cards (NSPC) while Visa is still discussing the matter with the authorities, Interfax.ru reported, citing the Central Bank’s press service.

MasterCard’s move will not affect cardholders, Interfax quoted a MasterCard representative as saying. The company previously used its own processing system, which is located outside Russia.

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