3 ms·
> MasterCard/Visa cards issued in Russia will not work abroad, cards issued abroad will not work in Russia. So it does nothing then. So russians will be able t
by qiskit 5y ago
> MasterCard/Visa cards issued in Russia will not work abroad, cards issued abroad will not work in Russia.
So it does nothing then. So russians will be able to use visa/mastercard within russia? They just won't be able to use it outside russia. And foreigners can't travel to russia and use visa/mastercard.
How many russians are going to travel to another country and use visa/mastercard in the near term? How many foreigners are going to travel to russia to use visa/mastercard in the near term? Now compare that to russians using visa/mastercard in russia. I'm guessing that's 99.99% of russians with visa/mastercard.
Just like with SWIFT "ban", it's all for show. The SWIFT ban doesn't affect russian banks tied to oil/gas trade. How convenient.
- forum_ghost 5y agoIt is mostly for show, but your stats are not quite correct. 40%+ internal russian card payments are via their domestic "Mir" system, that is also available in a dozen or so foreign countries: https://en.wikipedia.org/wiki/Mir_(payment_system) https://en.wikipedia.org/wiki/Mir_(payment_system) MIR cards are often also co-branded with China's UnionPay, and UP is available everywhere Chinese tourists/business people travel, which is pretty much anywhere relevant enough. If you want to travel to Russia, you just need to bring with you a UnionPay card, they are just as widely accepted as Visa in Russia, apparently. I'm not sure what exactly this ban was even supposed to accomplish. Punish Russian citizens, who according to the West, don't even have free elections and therefore had no input whatsoever in this? Seems like an excellent way to win hearts and minds, I'm sure. /s
- qiskit 5y agoWe are talking about mastercard/visa here. I never said Mastercard/Visa represented 99% of all credit cards.