Finextra – 12/9/14: Several Russian banks, including some subject to Western sanctions, will next week begin testing the country’s new card payments system, designed to take on Visa and MasterCard. The National Payment System (NPS) is being built at the behest of President Vladimir Putin in response to US and EU sanctions over the summer which saw MasterCard and Visa cut off services to several of the country’s banks.
Click here to read more: http://www.finextra.com/news/fullstory.aspx?newsitemid=26798
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