Media: the Central Bank of the Russian Federation is preparing a bill authorizing the access of foreign banks to the NPC “World”

Media: the Central Bank of the Russian Federation is preparing a bill authorizing the access of foreign banks to the NPC “World”


MOSCOW, January 19. The Bank of Russia is working on amendments to the law “About national payment system”, expanding the number of participants and settlement banks of the “World” at the expense of foreign players. About it the newspaper “Kommersant” said sources in the banking market.

Expert opinion

Author: Gregory MARCHENKO
Marchenko
Gregory

“First of all, the idea is to expand the list of participants of the payment system “World”, opening access to foreign banks and payment systems, and that the current legislation is not specified,” – said one of them. According to the information on the website of the “World”, now there are 39 banks participating, among them no foreign no. According to interlocutors of the edition, amendments are needed to the card “the World” could be issued and adopted in its network not only Russian but also foreign banks.

Other upcoming amendment – granting foreign banks the right to obtain the status of settlement banks of the “World” adds another source.

In a press-service of the Central Bank (the owner of the NPCs) yesterday was limited to General comments: “the Bank of Russia is preparing initiatives to change the law 161-FZ, directed in the development strategy of the NPCs on the card “the World” the international market”. In the company-the operator of the system “World” – the NPCs said that the implementation of the objectives to enter foreign markets NBTS conducts routine work on the organization of intersystem interaction with foreign payment systems and credit institutions. “In this regard, there is a need to extend the provisions of the Federal law N161 as for the list of participants of the national payment system “World””,- explained there.

That the system “World” is willing to cooperate with other countries, primarily the Customs Union, representatives of the Central Bank has repeatedly stated previously. Although you can begin to organize this cooperation was planned in 2016.

Another initiative of the Central Bank to give foreign banks the status of the settlement and obviously, will make easier for potential foreign partners of the NPCs interaction with the Russian payment system in the countries of their presence, the head of NP PS Alma Obaev.