The Japanese JCB payment system is ready to start working with Russia’s national payment system (NPCS) by the end of 2015, according to company CEO Takashi Suetsugu.
He confirmed JCB is aware that if it doesn’t transfer processing to NPCS before April 1, it will have to make a security deposit to the Central Bank of Russia.
“We tried to calculate [the fee – Ed.], but it’s hard to say right now,” TASS quotes Suetsugu as saying on Tuesday.
Earlier this month Visa and MasterCard localized Russian payments, meaning they will process domestic payments through the National Payment System.
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