Russia’s National System of Payment Cards (NSPC) starts operations in mid-December; eight Russian banks sanctioned by the West will be the first to make use of the new electronic funds transfer service.

MOSCOW, December 8 (Sputnik) – Russia’s National System of Payment Cards (NSPC), which has been created to rival existing international operations such as Visa and Mastercard, will start test operations in mid-December, Russia’s business newspaper “Vedomosti” reported on Monday.

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