Visa and Mastercard May Exit Russia by 2027
Last week, the National Payment Card System (NSPC) warned of potential difficulties when purchasing online using foreign payment systems Visa and Mastercard.
Consensus
- Visa and Mastercard may be completely removed from circulation in Russia by the end of 207.
- The National Payment System (NSPK) has been supporting transactions for Visa and Mastercard cards issued by Russian banks since 2022.
- Users are advised to transition to domestic payment instruments such as 'Mir'.
- DDoS attacks have affected payment system operations, particularly during online transactions.
- The National Payment System (NSPK) confirmed that changes will not affect cards from the 'Mir' payment system.
- A unified card accounting system (ESUPK) will be launched in Russia on September 1.
Points of divergence
- Experts warn that DDoS attacks have targeted certificate revocation servers (CRL), causing payment failures. — vm
- Anatoly Aksakov attributes the reduced security of Visa and Mastercard cards to outdated security certificates. — kommersant
Coverage (2 sources)
- What will happen with Visa and Mastercard cards in Russia — Вечерняя Москва
- In the State Duma, Visa and Mastercard exit from circulation in Russia in 2027 was predicted — Коммерсантъ
Key entities
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