Mastercard

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Mastercard is referenced as one of the international payment systems that withdrew from the Russian market in March 2022 due to the conflict in Ukraine. The Russian Central Bank (CB) and National Payment Card System (NСПК) have discussed the gradual withdrawal of Mastercard and Visa cards from circulation, citing financial inefficiencies for banks and a strategic shift toward domestic payment systems like 'Mir'. These international card systems are no longer actively supported within Russia, though their cards may still be used for cash withdrawals and transfers until expiration. The process…

Recent coverage

• Share of Mir cards in Russia reached 85% — Коммерсантъ
• Visa and Mastercard cards will be gradually withdrawn from circulation, Central Bank officials say — Вести
• Visa and Mastercard Maps in Russia Want to Remove from Circulation: Why and What to Prepare for Clients — Фонтанка
• Financier Valishvili: Visa and Mastercard cards need to be changed due to fraudsters — Москва 24