Tag Archives: Crimea’s Biggest Banks Switch To Sberbank Payment System

Crimea’s Biggest Banks Switch To Sberbank Payment System – 16 May 2014

RT logoRussia’s National Commercial Bank, Crimea’s biggest lender, has begun issuing cards on the basis of the PRO 100 payment system, developed by Russia’s biggest financial institution, Sberbank.

The other two biggest banks of the peninsula – Morskoy Bank and the Black Sea Bank of Reconstruction and Development – also plan to join in the near future.

The Crimean banks chose the PRO100 payment system amid the urgent situation with card payments on the peninsula and the need to take quick action, Kommersant says. Russia’s National Commercial Bank isn’t a member of international payment systems like Visa and MasterCard, while the other two can neither service their existing cards nor issue new ones.

Read the full story at: www.rt.com / link to original article