Visa

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Visa is portrayed as one of the international payment systems that withdrew from the Russian market in March 2022 due to the conflict in Ukraine. The Central Bank of Russia (CBR) and the National Payment Card System (NСПК) have stated that cards issued by Visa and Mastercard are gradually being phased out, though no official deadlines have been set for their removal. These cards continue to function within Russia for cash withdrawals and transfers but are no longer accepted abroad. The process of phasing them out is seen as part of a broader strategy to promote domestic payment systems like '…

Recent coverage

• Yunikredit Bank to stop reissuing all debit cards starting August 1 — Вечерняя Москва
• Yunikredit Bank will stop reissuing debit cards starting in August — Коммерсантъ
• Central Bank has just begun discussing privatization of NSPK and will conduct a market valuation — Интерфакс
• Visa and Mastercard cards will be gradually withdrawn from circulation, Central Bank officials say — Вести
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• Expert comments on the potential integration of crypto with the stock market — Фонтанка
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• Visa and Mastercard Maps in Russia Want to Remove from Circulation: Why and What to Prepare for Clients — Фонтанка
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