MOSCOW – Visa and Mastercard, issued by Russian banks, will remain operational in Russia, and money on their accounts is safe and accessible, Tass reported on Sunday, quoting the Central Bank of Russia.
“All cards of international payment systems Visa and Mastercard, issued by Russian banks, will function as normal on the territory of Russia until their expiry. Operations inside the country are processed by the National Payment Cards System and are not affected by sanctions. The money of clients, deposited on accounts linked to such cards, are fully safe and accessible,” the regulator said.
Cardholders can withdraw cash from ATMs, pay with their cards and conduct card-to-card transactions.
However, trans-border operations will not be available. This applies to purchases in foreign online stores and use of those cards abroad. (MENA)
