Mastercard and Visa are suspending their operations in Russia, the companies said Saturday, in the latest blow to the country's financial system after its invasion of Ukraine.

The statements by Alla Bakina, Director of the Bank of Russia’s National Payment System Department, are supported by the low adoption of these cards in the Russian Federation, which stands at less ...

Most of us rarely think about the plastic cards tucked inside our wallets until they expire. We expect them to work whenever we buy groceries or pay for a coffee. But shifting political landscapes can ...

Sberbank Europe AG has “experienced significant deposit outflows as a result of the reputational impact of geopolitical tensions”, the ECB said – Copyright AFP ...

Visa and Mastercard say they are complying with sanctions against Russia. By complying, the companies are blocking sanctioned Russian banks from using their payment networks. "As a result of sanction ...

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.

Mastercard and Visa are suspending their operations in Russia, the companies said Saturday, in the latest blow to the country’s financial system after its invasion of Ukraine.

NEW YORK — Mastercard and Visa are suspending their operations in Russia, the companies said Saturday, in the latest blow to the country's financial system after its invasion of Ukraine. Mastercard ...