In the Crimea ceased to issue Visa and MasterCard cards

SIMFEROPOL, August 15. /TASS/. The genebank is the only Bank in the Crimea, carried out the production of cards of systems Visa and MasterCard have fully adopted the payment system “World”. On Wednesday TASS was told by the consultant of the Bank.

“August 14, 2018, ended the process of replacing Bank cards of payment systems Visa and MasterCard issued by JSC “GenBank”, to the card payment system… Cards of the systems Visa and MasterCard issued by JSC “GenBank”, which are not replaced, August 14, not maintained”, – said the representative of the credit institution.

She added that Visa and MasterCard cards issued by other Russian banks, which went into Crimea because of the sanctions, continue to be serviced at ATMs of GenBank.

GenBank was the only one in the Crimea, the Bank carried out the issue of cards of systems Visa and MasterCard on the Peninsula, placed under sanctions after the reunification with Russia.

As reported TASS the press service of another major Crimean RNCB Bank, which started to operate on the territory of Crimea in 2014, after the reunification of the Peninsula with Russia, it did not issue cards of international payment systems. “We only work with the Russian payment system “the World”. Currently, MCB has released about 1.7 million cards,” the Bank said.

GenBank was created in 1993 (formerly MBank). From 2015, 50% belongs to the authorities of Crimea and Sevastopol. On the Peninsula opened more than 190 branches of the GenBank, a set of more than 450 ATMs, 140 cash offices and more than 1.1 thousand POS terminals.

According to representatives of the Ministry of economic development of the region, the inhabitants of the Crimea a story with an ending of issue Visa and MasterCard cards will not change, on the contrary, it will help us move forward on the Peninsula of the payment system “World”.