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Monday, October 24, 2016

Forced “Peace”: the state is forcibly transferred to the Russian plastic cards

The Central Bank developed the measures for the compulsory introduction in Russia of a National payment card system (nvqs) “Peace”: according to its requirements, prior to 1 January 2018, banks will be obliged to transfer all their customers who receive funds from the budget.

photo: Gennady Cherkasov

We are talking about a variety of social benefits, from benefits to pensions, and the salaries in the budget sector.

Previously it was assumed that the social benefits people will get only on maps, however, there was no specific time frame, write “Vedomosti”, now the Bank of Russia has decided to accelerate the transition.

In addition, we are talking about salaries in the budget sector has also been fully translated in the system of nvqs. Previously, there was the opportunity to make “Peace” the second map in that case, if the state already has a card of another payment system, but now the priority is given to “World”, and people will not be able to choose for yourself an alternative. In this design another card, usually entails certain costs.

Read about the problems with the map “World”.

Deputy head of FAS Andrey Kashevarov could not comment on the initiative of the Central Bank, saying only that in the case of adoption of law it should not violate the antitrust laws.


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