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Tag: SPFS

BRICS Contemplates New Payment System to Challenge SWIFT

The global economic consortium, BRICS, is reportedly mulling over introducing a new global payment system. This system could bypass the universally recognized banking protocol,...

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Visa and Mastercard Suspend Operations in Russia as Part of Sanctions Over Ukraine

Visa and Mastercard Suspend Operations in Russia as Part of Sanctions Over UkraineThe world’s leading payment processors Visa and Mastercard have joined sanctions against Russia over its military invasion of Ukraine. The American companies announced suspension of operations in the Russian Federation although Russians will be able to use their cards inside the country. Card Payment Giants Visa and Mastercard Add to Pressure on Russia Over Ukraine […]

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