The Russian payments market and the national system for card payments: An interview with Maria Mikhaylova

Maria Mikhaylova and Diederik Bruggink
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Diederik Bruggink: Head of Innovation and Payments at ESBG, Belgium

Journal of Payments Strategy & Systems, 2015, vol. 9, issue 1, 6-11

Abstract: The Russian payments industry is facing some challenges, as some legislation was passed in 2014 that required Russian payment transactions to be processed on Russian soil. In this interview Maria Mikhaylova, Executive Director of the Russian National Payment Council Association (representing about 95 per cent of the players in the Russian payments industry) talks about the payments market in Russia as well as the latest legislation. Last November, the National Payment Council Association organised the National Payments Forum of Russia, where these topics were also high on the agenda. In this interview, Maria shares some of the key takeaways from this Forum with us.

Keywords: Russian Federation; Russian National Payment Card System; NPCS; Russian National Payment Council Association; National Card Scheme; Zolotaya Korona; Russian National Payments Forum (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2015:v:9:i:1:p:6-11

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