The National Payment Card System (NPSK) discussed with banks the…

The National Payment Card System (NPSK) discussed with banks the issue of revising interbank compensation rates for cards belonging to international payment systems at its recent meeting of participants and users in the payment market.

Consensus

• NСПК proposes to reduce interbank fees for international payment cards (Visa and Mastercard)
• The reduction will be phased, from 1% in 2027 to 0% in 2028
• The initiative aims to gradually phase out international cards from the Russian market
• The plan will be implemented starting in July 2026 over a three-year period
• Visa and Mastercard cards are no longer operational abroad but continue to function within Russia

Points of divergence

• The initiative also includes reducing interbank fees within the 'Mir' system for household and notarial services — vedomosti
• The initiative is aimed at reducing costs for NСПК and facilitating the transition to domestic payment systems — kommersant
• The plan is part of a broader effort to reduce the market share of international cards, which has dropped to less than 17% over the past 4-5 years — vesti