Russia’s National System of Payment Cards, American Express agree on Mir co-badged card

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.

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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