Mastercard and Visa Suspend Their Services in Russia

Starting on February 24 and still continuing Russia-Ukraine war continues to reverberate around the world. Russia’s invasion of Ukraine causes sanctions on the country from all over the world. Payment service companies, which are frequently used and of great importance in daily life, are also among those making moves against Russia.

In the news last week, it was stated that Google Pay and Apple Pay, which are very common payment methods, are banned in Russia. Likewise, in a content we shared with you yesterday, we mentioned that a similar decision was taken by the giant online payment service company PayPal and that services in Russia were suspended. Now, again, a very important move in this regard has come from the world’s largest financial services companies.

Visa and Mastercard suspend their services in Russia

According to the news, multinational financial services companies Mastercard and Visasuspended its services in Russia due to the ongoing war. In the past days, Deputy Prime Minister of Ukraine Mykhailo Federov called on companies around the world to stop their operations in Russia on social media, while also passing Visa and MasterCard in his statements.

In the statements made by Visa, it was stated that it will work with customers and partners in Russia to stop all transactions belonging to the company in the coming days. If the process is completed, transactions made with Visa cards issued from the country are outside of Russia. won’t workIt was stated that Visa cards issued by institutions other than Russia will not work in Russia. Company CEO Al Kelly also stated that Russia’s unreasonable and unacceptable He stated that they took this decision because of the occupation.

In a statement made by Mastercard, it was stated that due to the uncertainty of the economic situation and the unprecedented nature of the ongoing conflicts, the network services suspended expressed. In addition, cards issued by Russian banks will not be supported by the Mastercard network, and cards issued outside the country will not be supported by Russian banks. in businesses and ATMs It was reported by the authorities that it would not work.

In addition, the President of the United States of America, Joe Biden, had a phone call with the President of Ukraine Volodymyr Zelenski, and within the scope of this meeting, the decisions taken by Visa and Mastercard. satisfaction It was also among the news that he stated that he welcomed it.