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Issuance, service of Visa, MasterCard completely stopped in annexed Crimea

Source : 112 Ukraine

"Genbank" stopped to serve them since August 14
15:33, 15 August 2018

Open source

Since August 14, the Russian "Genbank" stopped to serve the cards of Visa and MasterCard systems in occupied Crimea as the press service of the bank reported.

It is specified that all clients of the "Genbank" will use cards of "Mir" payment system, its re-issuance has begun in January.

Related: US imposes sanctions on Russian bank due to its ties with DPRK

One of the workers of the bank on condition of anonymity reported that the demand on the cards of the international payment systems reduced during the last year as Russian BBC reported.

"If in 2015 and partially in 2016 we had the projects oriented for the issuance of Visa Electron, then later we began to issue only "Mir" cards for the wages. The cards of the foreign payment systems were issued only for the private individuals and in the small amount. "Visa Electron" cost $7,45 and the cheapest "MasterCard Standard - $42," he said.

Related: Ukraine’s National Bank changes requirements for deals registration at interbank currency market

The "Genbank" was the only bank in Crimea that issued the cards of the international payment systems. Until 2017, it was possible to get the Visa and MasterCard cards in "Rublev" bank, however, it lost the license.

As we reported the American company Best Western Hotels & Resorts and the last western hotel chain presented in annexed Crimea left the peninsula due to the sanctions.

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