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17-11-09
Bank of Russia: the National system of payment cards will be open for Russian and international payment systems

On November 16, 2009, two committies  of Association "Russia" – the Committee on development of settlement-payment system and the Committee on bank information technology, held a common meeting, devoted to discussion of the bill “On the national payment system”.

Deputy Director of the Central Bank regulation calculations Alma Obaeva noticed that the bill “On the national payment system” was directed to develop the banking system in innovative way, and the Bank of Russia was open for discussion and banks’ suggestions.

The bill “On the national payment system” should define:
• The requirements to payment systems;
• The requirements to the payment infrastructure;
• The procedure of control in the national payment system and the supervision of its separate subjects;
• A new concept the National system of payment cards (NSPC).

Alma Obaeva noticed that all Russian and international payment systems operating in Russia could join NSPC, and also underlined than the Bank of Russia had no any desire to market any new payment systems and make of it the exclusive player, and promised on behalf of the Bank of Russia to make amendments to those articles of the bill which allowed such treatment.

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