India Plans to Accept Russian Mir Cards: A Crimp in the Sanctions Armor?
Less than six months after the EU and G7 sanctions against Russia for the invasion of Ukraine, it appears that ...
Tag: Russia
Stay informed with the latest news and insights on Russia’s influence in payments and banking, examining regulatory developments, economic impacts, and the evolving financial landscape.
Four Banks Dominate Consumer Lending in Russia:
The credit card is one of the most common forms of consumer lending. Credit cards allow consumers to borrow money ...
How the Russian National Payment Card System Works Post-Sanctions:
Russia is a country that is increasingly embracing payment cards as a means of payment. This is in line with ...
Elvira Steadies Credit, Debit, Merchant, and Wholesale Payments in Russia
Here is an interesting story in the New York Times about the Central Banker behind Russia’s move to reposition the ...
Confusion in the Kremlin: Will Mir Credit Cards Link to China UnionPay?
The Central Bank of Russia launched the Mir payment card following sanctions from the 2014 Crimean War. Mastercard and Visa ...
Russia Write-Downs Affect Top Banks, But Credit Cards Hold Steady
1Q22 results show that Russian exposure affected net revenue at some top banks, but credit cards performed well. Bloomberg reported: ...
Consumer Credit in Russia Is a Mess, but Sovereign Debt Is Worse
Credit cards in Russia are in distress. The exit of major payment brands certainly disrupts the ability to access credit ...
Skirting Russian Sanctions with China’s CIPS? Not So Fast
This piece posted in Bloomberg is somewhat of a reprise of one we saw a couple of weeks ago in ...
Inflation Continues to Impact U.S. Consumers
U.S. consumers continue to feel the pain of rising prices, with the Consumer Price Index (CPI) rising another 0.8% in ...
U.S. Credit Cards in Russia: And Then There Were None
Discover and American Express joined Mastercard and Visa’s shutdown in Russia. Amex’s Stephen J. Squeri announced in a statement on March 6, ...
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