Friday, 24 March, 2023

Visa, Mastercard, Paypal becomes latest firms to ban services in Russia

<p>Visa and Mastercard both suspended services in Russia following unprovoked invasion of Ukraine. The credit card giants issued similar statements after the recent sanctions placed on Russia regarding SWIFT usage. Along with this, Paypal has also withdrawn its services along with the company&rsquo;s Xoom service. Sberbank Rossil PAO stated that Russian transactions pass through the National Payment Card System and domestic transactions will not be affected.</p>