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.


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


Read Fin24’s Comments Policy 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
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