The Central Bank allowed the postponement of the transfer of public sector employees by the card “the World”

The Chairman of the Bank of Russia Elvira Nabiullina admitted the extension of the transition period for the transfer budget and social payments on a card “the World” until July 1, 2018. Under the current plan, banks had to fully translate their clients-the public sector in the Russian card until January 1. The beginning of works on translation of new clients employees to these cards, according to Nabiullina, can be moved to six months earlier — from 1 July 2017 instead of 1 January 2018.

“The transition we need to make quickly enough, the whole infrastructure is developed, but gradually, it to be comfortable to people. In our opinion, correctly so for new customers, state employees and retirees we would set the timing even with 1 January 2018 and 1 July 2017 delivery of funds already on the card “World”. But it would make the transition period for retirees as planned, as soon as the cards are normally granted for two or three years, have already run out of time and was issued a new card “the World”. And for employees in the public sector also to set a period, say, before July 1, 2018 — such a smooth-smooth is the transition,” she said in a speech before bankers in boarding house “Bor”, reports TASS.

Earlier, the Central Bank said that the card “World” is produced in different banks, and wants to buy a card he can choose the most suitable Bank. State employees also have the right to choose and the method of receiving payments — in cash or cashless forms.

In late January, the Ministry of Finance has prepared the positive opinion on the draft submitted to the Duma a bill obliging banks from 2018 only use the card “the World” in the execution of transactions on the accounts of natural persons that receive budgetary and social benefits. According to the Ministry, the bill will establish a single regime of social benefits, including in the implementation of regional projects.

At the same time, the Bank of Russia instructed the banks to expedite the preparation of networks of ATMs to accept the cards “the World” and complete all the work in this area until 1 March.

What is the map “World”

National payment card “the World” is available in under the national system of payment cards (nvqs). It was created in the summer of 2014 for protection of the Russian market of Bank cards from Western sanctions: the reason for its development was the termination of service of cards of banks, placed under sanctions, international payment systems Visa and MasterCard.

The first card “the World” was issued by banks — participants of the pilot project in December 2015. As follows from the data on the website of the NPCs, on February 9, there were 184 Bank — participant of the project.

Payment system “World” offers debit and classic cards supports the overdraft. In 2017, the banks will release about 40 million cards, “Peace”, from the budget to the accounts of citizens will be about 14 trillion rubles.