It took VISA/Mastercard longer to cut off Russia than it took them to cut off porn games. Huh.
Practical-Pick1466 on
3 more months of making a profit.
Mannipx on
They don’t want a competitor getting created.
Doctor_Saved on
What about Amex?
Discover, this is your chance!
jtpredator on
I’m not too clear on the Russian economy and financial institutions there. But do the Russians even use those services? Or do they have their own brand of cards or something
a7m0sf3ar on
Was thinking aswell; what? they still allow those in russia. Makes me wanna change my payment card…
john_the_quain on
And they did it for the right reasons! Not because it made the most financial sense for them to do so. Profits be damned!
lol. not really.
Nanasweed on
Why January 1? Today looks good.
ZeroKarma6250 on
Ukraine needs to bomb the banks datacenters in Russia. Simple yet effective way of disabling the economy.
anakaine on
I have to wonder if this will create an opportunity for a BRICS based payment service to fill the void. Given the players involved, it obviously wont be as easy as using a visa or mastercard, but could still be reasonably convenient for their citizens.
What_Is_This_1 on
I’m guessing that most Russians probably already use something else so it’s really just a publicity deal and really doesn’t mean much
420printer on
Gee, that was quick
Aobachi on
Are Visa and Mastercard really two distinct companies? They keep doing things at the same time.
Count-per-minute on
BRICS will certainly fill the void with quicker posting and faster transactions.
Raj_Valiant3011 on
So much for all the rhetoric involving sidelining them through global financial systems two years ago.
c0l245 on
Awesome, I hope that they pave the way for cryptocurrency use
TechBored0m on
This is basically good.
SMEAGAIN_AGO on
What about Amex … ?
SMEAGAIN_AGO on
What about Amex … ?
EsperaDeus on
Fake news. This happened a long time ago.
LechugaSangrienta on
They will make their own, czarcards
SMEAGAIN_AGO on
What about Amex … ?
SMEAGAIN_AGO on
What about Amex … ?
EsperaDeus on
Fake news
SMEAGAIN_AGO on
What about Amex … ?
AlternativeMotor5722 on
OOOOO that will teach them. when are we going to get serious about sanctioning Russia.
LechugaSangrienta on
They will make their own, czarcards
almarcTheSun on
Literally no one read the article. Actual visa and Mastercard haven’t worked for a day since 2022. Inside Russia, they used the physical cards and replaced the backend with their own payment system, so practically they are MIR cards just with the Visa/Mastercard logo on them. They did this so that users don’t have to replace their cards en-masse.
_TeaWrecks_ on
MasterCard suspended all network service in Russia in March 2022, as well as terminating licenses for all Russian customers and blocking their ICAs/BINs/RTNs.
The article seems to state this NSPK system was continuing to process domestic transactions on the plastic cards.
Banks are the ones who issue the cards, not MasterCard itself. They’re just the payment network connecting it all together. It seems Russia just put their own payment network in place and kept using the same PAN. This is why the article states people visiting Russia wouldn’t be able to use their MasterCard, because the actual network and the international card issuers blocked it all.
Now that the security certificates on the chips, etc. are expiring, they can no longer use them without risk of fraud.
Source: I work in FinTech.
Dishpenzor on
Visa and mastercard have not worked for years now, not sure what this is even supposed to mean?
SomeoneNicer on
Replaced with WeChat?
VanDeny on
Yeah, it’s time for proper alternative rather then these companies…
shhhhh-Im_Not_Here on
The fact this is somehow news even though they implemented their own internal payment system which they’ve been using for years, they’ve done this when it will have no affect at all lmao
TychusFondly on
Every able Russian get a CC from former Soviet states thus all is well for online thus it doesnt mean isolation.
woohooguy on
Now you know for sure there is no blood to squeeze from that stone.
Alexis_J_M on
Overdue.
gusgusthegreat on
not looking at Your credit doesn’t make it go away.
woohooguy on
The noose tightens.
The reason Russia has been taunting NATO countries for a response is because it’s economy is about to collapse, and it needs to blame that collapse on a military response from the west.
MeowMoRUS on
Its news for old cards, new cards will be work
Strong-Variation5181 on
I’m sure the oligarchs are shaking with their Black AMEX.
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42 Kommentare
Only now??
Wow, it took almost three years.
It took VISA/Mastercard longer to cut off Russia than it took them to cut off porn games. Huh.
3 more months of making a profit.
They don’t want a competitor getting created.
What about Amex?
Discover, this is your chance!
I’m not too clear on the Russian economy and financial institutions there. But do the Russians even use those services? Or do they have their own brand of cards or something
Was thinking aswell; what? they still allow those in russia. Makes me wanna change my payment card…
And they did it for the right reasons! Not because it made the most financial sense for them to do so. Profits be damned!
lol. not really.
Why January 1? Today looks good.
Ukraine needs to bomb the banks datacenters in Russia. Simple yet effective way of disabling the economy.
I have to wonder if this will create an opportunity for a BRICS based payment service to fill the void. Given the players involved, it obviously wont be as easy as using a visa or mastercard, but could still be reasonably convenient for their citizens.
I’m guessing that most Russians probably already use something else so it’s really just a publicity deal and really doesn’t mean much
Gee, that was quick
Are Visa and Mastercard really two distinct companies? They keep doing things at the same time.
BRICS will certainly fill the void with quicker posting and faster transactions.
So much for all the rhetoric involving sidelining them through global financial systems two years ago.
Awesome, I hope that they pave the way for cryptocurrency use
This is basically good.
What about Amex … ?
What about Amex … ?
Fake news. This happened a long time ago.
They will make their own, czarcards
What about Amex … ?
What about Amex … ?
Fake news
What about Amex … ?
OOOOO that will teach them. when are we going to get serious about sanctioning Russia.
They will make their own, czarcards
Literally no one read the article. Actual visa and Mastercard haven’t worked for a day since 2022. Inside Russia, they used the physical cards and replaced the backend with their own payment system, so practically they are MIR cards just with the Visa/Mastercard logo on them. They did this so that users don’t have to replace their cards en-masse.
MasterCard suspended all network service in Russia in March 2022, as well as terminating licenses for all Russian customers and blocking their ICAs/BINs/RTNs.
The article seems to state this NSPK system was continuing to process domestic transactions on the plastic cards.
Banks are the ones who issue the cards, not MasterCard itself. They’re just the payment network connecting it all together. It seems Russia just put their own payment network in place and kept using the same PAN. This is why the article states people visiting Russia wouldn’t be able to use their MasterCard, because the actual network and the international card issuers blocked it all.
Now that the security certificates on the chips, etc. are expiring, they can no longer use them without risk of fraud.
Source: I work in FinTech.
Visa and mastercard have not worked for years now, not sure what this is even supposed to mean?
Replaced with WeChat?
Yeah, it’s time for proper alternative rather then these companies…
The fact this is somehow news even though they implemented their own internal payment system which they’ve been using for years, they’ve done this when it will have no affect at all lmao
Every able Russian get a CC from former Soviet states thus all is well for online thus it doesnt mean isolation.
Now you know for sure there is no blood to squeeze from that stone.
Overdue.
not looking at Your credit doesn’t make it go away.
The noose tightens.
The reason Russia has been taunting NATO countries for a response is because it’s economy is about to collapse, and it needs to blame that collapse on a military response from the west.
Its news for old cards, new cards will be work
I’m sure the oligarchs are shaking with their Black AMEX.