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

Author

Listed:
  • Mikhaylova, Maria
  • Bruggink, Diederik

    (Head of Innovation and Payments at ESBG, Belgium)

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.

Suggested Citation

  • Mikhaylova, Maria & Bruggink, Diederik, 2015. "The Russian payments market and the national system for card payments: An interview with Maria Mikhaylova," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 9(1), pages 6-11, March.
    • Handle: RePEc:aza:jpss00:y:2015:v:9:i:1:p:6-11
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    More about this item

    Keywords

    Russian Federation; Russian National Payment Card System; NPCS; Russian National Payment Council Association; National Card Scheme; Zolotaya Korona; Russian National Payments Forum;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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