MasterCard and Visa are leaving Russia

MasterCard and Visa are leaving Russia

Both companies stated that the reason for this decision was Russia's military invasion of Ukraine.

Customers of payment systems from the Russian Federation have several days to withdraw their funds.


At the end of the transition period, cards issued by Russian banks will stop working abroad, and cards issued abroad will stop working in the Russian Federation.


Thus, the financial system of the Russian Federation will be almost completely isolated from the rest of the world.


Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies

You May Also Like

622022-01-20

Google Pay plans to integrate cryptocurrencies

Google Pay plans to integrate cryptocurrency cards to attract more users. The company aims to make Google Pay more of a wallet than a payment service.

Payment Systems
432021-12-08

Visa will advise its clients about cryptocurrencies

Visa will launch a new consulting department that will help businesses work with cryptocurrencies.

Payment Systems

Latest articles from Payment Systems category