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Under current law, the systems must pay security deposits equaling 25% of their average daily turnover to the central bank by October 31, but the deposits can be reduced to zero if the systems find a partner among nationally important card operators.
A source at one of Russia’s payment systems told the daily that the deadline for the deposits can be shifted quoting Vladimir Komlev, head of the National Payment System. A director of a card processing department at a large bank also heard about changing the deadline, Vedomosti reported.
Currently Visa and MasterCard are holding tenders to choose a local partner.