Visa, Mastercard Share Drops to 17% in Russia as Banks Shift to Mir Cards
Published by WarSignal Editorial · Last updated
Visa and Mastercard’s market share in Russia fell to 17% in the first quarter, according to Russian banking officials.
Alla Bakina, a representative of the Russian banking sector, said banks are gradually substituting foreign payment instruments with domestic alternatives, including Mir cards.
The decline reflects{
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