All bank payment cards issued by all banks operate and will operate all over Russia to facilitate payments for goods and services, money transfers and transactions in ATMs without limitations, according to Bank of Russia. All customer funds of all banks held in accounts linked to cards are preserved and available to clients at any time, the Central Bank of Russia said in a press release.
Cards issued by the banks sanctioned by Western countries also operate and will operate across Russia without restrictions. Customer funds in card-linked accounts are „kept safe and fully available”.
However, „clients of the sanctioned banks (VTB Group banks, Sovcombank, Novikombank, Promsvyazbank, Otkritie) will be unable to pay by cards of these banks outside Russia and use them to pay for services in online shops and service aggregators registered in the countries supporting the sanctions. Additionally, it will be impossible to use cards of the said banks for paying by Apple Pay and Google Pay,” the Central Bank of Russia added.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below: