JUST IN - Mastercard suspends all operations in Russia.

[Being There]

JUST IN - Mastercard suspends all operations in Russia.

Visa and Mastercard cards combined account for 74% of all payment transactions in Russia.



Mastercard Statement on Suspension of Russian Operations 
March 5, 2022
https://www.mastercard.com/news/press/2 ... perations/

For more than a week, the world has watched the shocking and devastating events resulting from the Russian invasion of Ukraine. Our colleagues, our customers and our partners have been affected in ways that most of us could not imagine.

We have previously shared the steps we have taken in response to these events, with the well-being and safety of our employees being our first and foremost priority. And as we have navigated and complied with our regulatory commitments, we have been in constant dialogue with our customers, partners and governments. We’ve received perspectives from our employees, in addition to people across the industry, consumers and our shareholders. We have also considered what would be most important to support the continued availability of services, if possible, to impacted people in the region.

It’s with all of this in mind – and noting the unprecedented nature of the current conflict and the uncertain economic environment – we have decided to suspend our network services in Russia. 

[Prana]

.

[farmerchick]

Originally visa said that cards that originated in Russia would still work in Russia but not internationally....cards originating out of Russia would not work in Russia but would work internationally...now it looks like they have updated that visa cards must be processed by the central bank and imply Russian cards will not work. .. And now we have the mir system from china through sberbank will be Implemented the day after the first dust up.....interesting.......they don't need the west....everyone surely understands that by now......they are betting Europe and the rest of the world will need them.....so cmon man....biden ...quit selling us out.....

[Niemand]

"Mir" means world, by the way. (Also means community.) Interesting.