According to the informed source, the Visa international payment system has stopped providing guaranteed service operations on their cards in Russia.
It was announced that from October 1 Visa will not guarantee the processing of the authorization requests for local operations submitted to the company.
According to the source, the company disclaims all responsibility for unprocessed transactions within the Russian Federation, for which it would have to pay a new guarantee fee to the Central Bank.
Visa notified each bank in Russia about its intention in writing.
By October 1, all Visa operations in Russia should be fully transferred to the National system of payment cards (NSPC).
According to the law, the operations on the cards of the international payment systems should have been transferred to the National system of payment cards by the end of the first quarter this year. MasterCard international payment system, among the other financial institutions, has managed to transfer its payment operations to the NSPC on time.
Most of the market participants believe that full payment transfer from international payment systems to the NSPC will take at least one month.
