A unified payment card accounting system to combat dropshipping will…
A unified payment card accounting system to combat dropshipping will go into effect in Russia on September 1. The system will include all cards issued by Russian banks, including Visa and Mastercard.
Consensus
- The unified payment card accounting system will come into effect in Russia on September 1, 2016.
- The system will include all payment cards issued by Russian banks, regardless of payment system.
- The system aims to combat fraud and 'dropper' schemes.
- Cards with expired validity periods that are still being serviced will be included in the system.
- Restrictions on issuing new cards will take effect from September 1, 2027.
- Existing cards will not be automatically closed or canceled.
- The restriction will apply only to the issuance of new cards, not to existing ones.
Points of divergence
- The restriction on the number of payment cards will take effect starting from 2027, giving individuals with more than 20 cards time to decide which to keep. — vesti
- The restriction on the number of cards will take effect on September 1, 2027, and individuals with more than 20 cards will not be able to open a new card from that date. — vedomosti
- Visa and Mastercard cards have effectively ceased to exist in the Russian market and no longer hold value for holders due to lack of international functionality and loyalty program support. — m24
- The head of the State Duma's committee on the financial market emphasized that the restriction on the number of cards will only take effect in the following year, allowing time for individuals to decide which cards to keep. — vesti
- The system will include previously issued Visa and Mastercard cards, even those with expired validity periods. — m24
Coverage (4 sources)
- 💳 Unified system for tracking payment cards to combat dropshipping will start in Russia on September 1 — Новости Москвы
- From September 1, a unified payment card accounting system will start operating in Russia — Вести
- C 1 September will start a unified system for tracking bank cards — Ведомости
- Unified payment card accounting system will start operating in Russia from September 1 — Москва 24