Russian Central Bank to be sole settlement center for MasterCard in RussiaThe Russian Central Bank will become the sole center in Russia for settling MasterCard transactions, MasterCard CEO Ajay Banga said on Thursday, Itar Tass reports.The Russian media reported in November that the international payment systems Visa and MasterCard would lose the right to choose settlement banks in Russia and would be required to place settlements under control of the Russian Central Bank. It was initially planned that the international payment systems would assign clearing and processing to the Central Bank.
The Russian Central Bank will become the sole center in Russia for settling MasterCard transactions, MasterCard CEO Ajay Banga said on Thursday, Itar Tass reports.The Russian media reported in November that the international payment systems Visa and MasterCard would lose the right to choose settlement banks in Russia and would be required to place settlements under control of the Russian Central Bank. It was initially planned that the international payment systems would assign clearing and processing to the Central Bank.
