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MasterCard to estimate effects of Russia’s own future payment system

April 26, 2014, 3:57 UTC+3 MOSCOW

Russia is a strategically important market, company said

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© AP Photo/Toby Talbot

MOSCOW, April 26, 3:02 /ITAR-TASS/. The international payment system MasterCard will gauge the likely effects it will have to brace for in case Russia pushes ahead with the plan to create its own payment system.

Russia is a strategically important market and the adoption of a law on the creation of a national payment system cannot but cause concern, MasterCard said in a statement on Friday, adding that it was probing into the likely consequences the measure would have on its own business and the businesses of its partners.

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