The head of nvqs: use of cards “the World” abroad – a matter of time

The head of nvqs: use of cards “the World” abroad – a matter of time


Talking about the full release of the payment system “World” to international markets will be possible when all Russian banks will start issuing these cards, said the head of nvqs Vladimir Komlev.

MOSCOW, 15 APR. Using cards of the national payment system “World” abroad — not near term, so as to achieve this goal, the right tools and the decision in principle, said the head of nvqs Vladimir Komlev at the conference “Bank cards: practice and transformation”.

“The most important thing… so we strategically decided to ensure that in 10 years, 80% of the reception the rest of the world (maps Mir — edition), or in some parts of the world. We have an understanding that it needs to be done, but this task is far more theoretical in nature. That it’s not impossible — understanding. It is a question of resources, time and strategic decisions that we are moving in this direction and we need it,” said Komlev.

Komlev noted that of the conquest maps “World” of international markets you can start talking when Russian banks will be their issuers. Previously Komlev said that mass production of cards “the World” is scheduled for the third or fourth quarters of 2016. In an interview with reporters, he added that the NBTS is focused to release banks about 16 million car “the World” this year.

“To say about the full release of the payment system to international markets is possible only when all banks (Russia — ed.) produce these maps. And outputs on Western markets — in the current situation it looks quite difficult. For the largest acquirers, which will have to agree — it is necessary to agree with each specific acquirer, a major concentrate of POS-terminals, ATMs, so they just opened on their networks the possibility of receiving these cards,” — said Komlev.

This takes time and money, said the head of nvqs. “As a rule, in Western countries it is a serious Corporation, traded on exchanges with billion-dollar capitalizations. This is their chance at a very low margin market to improve profit for a particular season. You pay “x” dollars over so many terminals, and you are ready to talk. So it’s a matter of time and funding,” said Komlev.

The NPCs was created after Russian banks because of U.S. sanctions are having problems with international payment systems Visa and MasterCard. The Russian authorities had accelerated to create their own payment system. In July 2014 it was created by JSC “NPCs”, 100% owned by the Bank of Russia.