MasterCard has predicted the financial isolation of Russia

The adoption of the bill on the national payment system in its present form leads to the isolation of Russia and the cessation of a number of services to clients, said the head of MasterCard in Russia Ilya Riaby. On it informs RIA Novosti news agency on Thursday, April 14. Now the bill is being prepared for adoption on second reading. Made to the draft amendments provide for mandatory use for payments made within the Russian Federation, the payment infrastructure in the country, and also prohibits the transfer of information abroad about the payments made in Russia. The main claims of market players reduced to create demand in Russia, local infrastructure, similar to the existing worldwide. According to the pock-marked, MasterCard's position is supported by the Ministry of Finance, the Federal Antimonopoly Service and the Central Bank. He also said that by adopting the bill in the current version of the hit Russian banks, processing (processing operations), which is located outside of Russia. "If the bill passes in its current form, it is possible that problems will arise in the market, with industry players. Isolated environment will cease to provide a number of opportunities currently available to customers "- said Riaby reporters on Thursday. "If the Russian company uses power abroad, it makes it a non-Russian. MasterCard is also cost big money. The problem of complete isolation is extremely difficult realizable. I can not imagine how you can implement it at all "- he explained, saying that the implementation of the bill will inevitably lead to an increase in rates for cardholders. Experts estimate that the bill will affect at least 7% of transactions carried out by Russian holders in Russia. Adoption of the law, according to the pock-marked, MasterCard will require a legal entity in Russia that is not a problem. "The problem is that in order to continue the work we need to fully reproduce the infrastructure in Russia: this has never built one," - he explained. In the example cited Riaby situation where the cardholder must be a Russian bank, being abroad, to payment to a Russian company, for example, pay phone. This operation will be impossible after passage of the law. "Between the first and second readings, we are actively negotiating with the State Duma and the government, explaining the consequences of this unnatural step. Russia has become a global priority for MasterCard, in particular, the project social map, where the first combined financial and non-financial applications with an address access to social benefits, will be replicated. Interested in this, many countries in the world "- said the head of the mission. Recall bill on the national payment system was developed MOF and the Bank of Russia in September 2009. National payment system has become a competitor of Visa and MasterCard cards in Russia, which together now account for more than 85% of Russian market.