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Generalization of Bank Card Settlements and Transition to Mir Payment System in the Kaliningrad Region

Author

Listed:
  • Eduard V. Batanov

    (Government of the Kaliningrad Region, Kaliningrad 236007, Russia)

Abstract

Following the violation of the payment sovereignty of the Russian Federation associated with the service termination of Visa and Mastercard bank in Russian credit institutions, there is an unfavorable situation for the financial system of the country threatening its economic security. The object of the study is Mir national payment system and its implementation in the Kaliningrad region. The research is focused on monopolization of the Russian Federation’s banking market by international operators and Mir national payment system as an alternative to foreign payment systems.

Suggested Citation

  • Eduard V. Batanov, 2018. "Generalization of Bank Card Settlements and Transition to Mir Payment System in the Kaliningrad Region," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 111-120, June.
    • Handle: RePEc:fru:finjrn:180309:p:111-120
    DOI: 10.31107/2075-1990-2018-3-111-120
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    More about this item

    Keywords

    international payment system; national payment system; payment card; Mir payment system; Kaliningrad region;
    All these keywords.

    JEL classification:

    • G35 - Financial Economics - - Corporate Finance and Governance - - - Payout Policy

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