visa
New York (AFP) - Card payment giants Visa and Mastercard announced Saturday they will suspend operations in Russia, the latest major US firms to join the business freeze-out of Moscow over its invasion of Ukraine. "Noting the unprecedented nature of the current conflict and the uncertain economic environment," Mastercard said it had "decided to suspend our network services in Russia." Visa, for its part, said that "effective immediately" it would "work with its clients and partners within Russia to cease all Visa transactions over the coming days." US President Joe Biden "welcomed the decision...
AFP
New York (AFP) - US credit card giants Visa, Mastercard and American Express said they were blocking Russian banks from their payment networks following international sanctions in response to Moscow's invasion of Ukraine. "As a result of sanction orders, we have blocked multiple financial institutions from the Mastercard payment network," Mastercard Chief Executive Michael Miebach said in a statement released Monday night. "We will continue to work with regulators in the days ahead to abide fully by our compliance obligations as they evolve." Visa said on its website that it is "taking prompt ...
AFP
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