Russia’s National Card Payment System is Alternative to Western Counterparts – Medvedev

GORKI (Moscow Region), June 18 (RIA Novosti) – Russia’s national card payment system is not being created to counteract foreign counterparts, but as a reasonable alternative to them, Russian Prime Minister Dmitry Medvedev said Wednesday.

“The national card payment system should give consumers more opportunities to choose, and in fact, most importantly, the idea is not to struggle against foreign systems, this is wrong and in fact a violation of competitive principles. This is a kind of a reasonable alternative to foreign systems, including the famous and most popular ones like Visa and MasterCard,” Medvedev said at a meeting on establishing the national card payment system. Continue reading