Visa, MasterCard stop supporting bank cards | Fin24
 
  • Cadre Cover

    The ANC is planning to launch a funeral policy scheme for members and supporters.

  • VBS Collapse

    Ramaphosa has acknowledged South Africans' impatience to see justice done.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Visa, MasterCard stop supporting bank cards

Dec 29 2014 11:15

(Sukharevskyy Dmytro (nevodka), Shutterstock)

Related Articles

Imagine one visa for the whole of Africa

Credit card fraud declines

Visa launches new service to pay online

 

Moscow - The world's two largest credit and debit card companies, Visa and MasterCar , said on Friday they could no longer support bank cards being used in Crimea, following US sanctions imposed earlier this month.

The United States last Friday prohibited US-registered companies from investing in Crimea or providing services to firms operating there, among sanctions imposed over Russia's annexation of the peninsula from Ukraine.

Visa said in a statement that the sanctions meant it could not offer Visa-branded products and services to Crimea.

"We can no longer support card issuing and merchant/ATM acquiring services in Crimea," it said.

Competitor MasterCard also said that it had to suspend operations with bank cards in Crimea due to the sanctions.

visa  |  mastercard  |  financial services
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What's your view on deep sea mining?

Previous results · Suggest a vote

Loading...