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Russia Has Started Universal Electronic Payment System

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The Bank Rossiya, which came under US sanctions in March, has started issuing bank cards using Russia’s domestic “universal electronic card (PRO100)" payment system. It is all part of Russia’s plan for more financial independence from international credit card firms.

Morgan Stanley has culated that if Visa and MasterCard don’t fall under the category of an important payment system, would need to deposit an estimated $3 billion to stay in Russia. The service infrastructure for PRO100 bank cards is constantly expanding. Operations with the PRO100 system account for more than a half of all banking transactions with credit cards in Russia. More than 1.2 million PRO100 cards have been issued.

http://rt.com/business/202839-russia-bank-issues-card/

It didn't take them 2 - 3 years, as some people thinks.

Edited by rollover

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can see this catching on actually.

the US and UK are so fed up with their mistreatment by banks etc they will eventually dump the globalists and follow suit with the Anglo-card replacing mastercard/visa etc.

eurozone will do the same at some stage and have the NERO-Card, as they adopt to the new, dreamed of for aeons resurrected roman empire they have all so studiously been working on behind the scenes.

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It didn't take them 2 - 3 years, as some people thinks.

Issuing a few cards is not the same thing as having an entire payment network up and running. Printing some cards should take all of about 5 minutes. The fact that it took the Russians more than 6 months to do so doesn't bode well for their timeline.

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