Author Topic: Russian Banks to Replace VISA and Mastercard with New “Mir” System in Partnership with China’s Union  (Read 273 times)

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Offline mystery-ak

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Russian Banks to Replace VISA and Mastercard with New “Mir” System in Partnership with China’s Union Pay
By Jim Hoft
Published March 6, 2022 at 5:30pm

The Central Bank of the Russian Federation announced on Sunday that several banks will switch to the Chinese card system following the suspension of Visa, Mastercard, and Paypal in Russia.

It can be recalled that Visa, Mastercard, and Paypal announced on Saturday they will suspend all operations in Russia.

“We are compelled to act following Russia’s unprovoked invasion of Ukraine, and the unacceptable events that we have witnessed,” said Al Kelly, chairman and chief executive officer of Visa Inc.

On Sunday, several banks in Russia will start to issue new cards with the new Russian payments system “Mir” and China’s UnionPay.

more
https://www.thegatewaypundit.com/2022/03/russian-banks-replace-visa-mastercard-new-mri-system-partnership-chinas-union-pay/
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Offline Kamaji

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The Russians are shutting out the world because (a) they don't want ordinary Russians to know what's going on, and (b) they've been hacked repeatedly, such as by anonymous.

Offline cato potatoe

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145 million Russians are not going to sit around and starve to death, just because the Americans think they can un-person anybody who offends them.  Embargoes led to some unfortunate ends during the 20th century, and we are heading down the same path.

Offline Right_in_Virginia

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VISA, Mastercard ban: Russian banks rush to switch to the Chinese card system #Unionpay, the second-largest and fastest-growing global credit card network.

https://reuters.com/business/finance/russian-banks-rush-switch-chinese-card-system-2022-03-06/



8:27 AM · Mar 6, 2022   Twitter Web App

Offline DCPatriot

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145 million Russians are not going to sit around and starve to death, just because the Americans think they can un-person anybody who offends them.  Embargoes led to some unfortunate ends during the 20th century, and we are heading down the same path.

Vladimir Putin recently said in an interview: "The next 'world' war will be fought with ones and zeroes".
 
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Russian Banks to Replace VISA and Mastercard with New “Mir” System in Partnership with China’s Union

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