Free economic leverage to Moscow has just been given away. Sanctions will now be that much more ineffective with AMEX having over 100 million cards circulating globally.
MOSCOW, July 20. /TASS/. Russia’s National System of Payment Cards (NSPC) has struck an agreement with the international payment system American Express on issuing co-badged card Mir, NSPC said in a press release on Monday.
“NSPC and American Express have agreed to cooperate on issuing co-badged cards Mir-AMEX,” the report said.
According to the agreement, co-badged cards Mir-AMEX will be accepted as cards of the Mir payment system on the territory of Russia, and as AMEX cards within the American Express infrastructure.
As was reported earlier NSPC signed an agreement on Mir co-badged card with two major international payment systems – MasterCard and Japan Credit Bureau (JCB).
Full article: Russia’s National System of Payment Cards, American Express agree on Mir co-badged card (ITAR-TASS)
Global Geopolitics 