VISA, MASTERCARD GRANT ZELENSKY’S REQUEST, BAN ALL OPERATIONS IN RUSSIA.
The Breaking News Online (by way of the Wall Street Journal) reports, “Visa and Mastercard cards account for 74% of payment transactions in Russia.”
Similarly: Paypal Shuts Down Services in Russia Over Ukraine Invasion.
UPDATE: Russian Banks to Switch to Chinese Card System after Visa, Mastercard Suspend Operations in Russia. “Multiple Russian banks on Sunday announced plans to begin issuing cards using a Chinese card operator’s system with Russia’s Mir network after Visa and MasterCard pulled out of Russia. Sberbank, Alfa Bank and Tinkoff all said they would begin using the Chinese UnionPay system, according to Reuters.”
MORE: American Express Suspends Operations in Russia and Belarus.
(Updated and bumped.)