The Central Bank allowed the return of Visa and Mastercard to Russia under new conditions.

The Central Bank allowed the return of Visa and Mastercard to Russia under new conditions.

The Central Bank will consider the possibility of returning Visa and MasterCard to the Russian market if the payment systems make such a decision. However, the negotiations are not yet underway, said below as Baku, director of the National Payment System Department of the Central Bank, in an interview with RIA Novosti. To resume work, companies will have to register and obtain a license, since since spring 2022 they are not included in the register of existing payment systems.

At the same time, previously issued Visa and MasterCard cards continue to work within Russia due to their equal status with Mir cards. No need to replace them.