Monday , 21 January 2019
Breaking News
Home » World » Europe » Russia wants its own card system to escape dependency on Visa & MasterCard
Russia wants its own card system to escape dependency on Visa & MasterCard

Russia wants its own card system to escape dependency on Visa & MasterCard

The Crimean crisis is affecting Russia with various sanctions from the U.S. It is becoming difficult for Russia to transact with the world with the new sanctions.

Russia has now renewed its plans to get its own card system so that it doesn’t have to relay on Visa or Mastercard for its card payment process. Which the mounting pressure from the U.S due to the Crimean crisis has now ended in disruptions of the payments handled by Visa and Mastercard.

Russia is now determined to get rid of any dependencies on the Western world and it’s Finance Minister has announced they will start working on to develop their own card payment system.

Related stories:

New Gap Logo disappoints public
WikiLeaks: Pope wanted Muslim Turkey kept out of EU
Mr Bean Actor Rowan Atkinson Crashes McLaren F1
Israel does a Egypt! Stages Mass Protest!
AR Rahman Voices in Mick Jaggers SuperHeavy Album
Jim Marshall, Lord of Loud is no more
People Mark May Day With Protests Across Europe
Olympic Reporter Kiss Video Goes Viral!