Russia Visa will cost $50 million
Visa lose 50 million dollars for the transfer of processing in the Russian Federation. This sum payment system will be able to avoid paying grandiose security contribution.
The opportunity to stay in Russia without paying substantial upfront fee according to the law of the Visa will cost considerable sum. These funds will spend on translation of processing on the terrain powers, shall notify the commercial Director of the firm Byron Pollitt on the conference call on the results of the quarterly reports.
The management company announces that the payment system jointly with Russian authorities and economic organizations continues to proektirovanii commercial solution which will allow to continue the service of visitors in Russia. "The restrictive provisions of the law will be introduced in early October, and we are working on a solution to get up to that time. We expect expenses in the domestic market of payment processing for the coming year", - quotes the head of the Visa Charles Scharf "Interfax".
Recall that earlier the Russian government published a decree which allows the international payment systems Visa and MasterCard do not pay the security Deposit. In order for the decision came into effect, they have until October 31 to find domestic partners, a firm which would have the status of national-important payment systems, and pass them through processing.
As we were informed Melbourne Herald sun, payment systems, which do not have status of state importance, must pay the security Deposit until 31 October 2014. According to preliminary estimates Morgan Stanley for MasterCard and Visa he had to be almost 2.9 billion For socially valuable payment systems threshold was planned to increase from 100 billion to 1 trillion rubles.. as of April 2014 recognized socially important 6 payment systems. This Contact, Visa, Golden crown, MasterCard, VTB, Sberbank.
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