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

3852020-12-03

Visa will issue a card linked to the stablecoin USD Coin

Visa announced that it is linking its payments network of 60 million merchants with the USD Coin (USDC) stablecoin.

Payment Systems
3962018-12-21

Facebook is developing a stablecoin for WhatsApp payments

Facebook Inc. is working on creating a cryptocurrency that will allow users to transfer money through the WhatsApp application, focusing primarily on the Indian market. Facebook is still working on a strategy for issuing its own stablecoin, searching for a custodian, and considering methods of storing fiat that will back the coin.

Payment Systems

Latest articles from Payment Systems category