The governments of India and Russia are considering integrating part of their payment systems, in order to counter the possible future effect of US sanctions on the capital flows of each country. The deal would include the integration of India’s Rupay card system and its Russian counterpart, Mir Cards, to allow seamless payments between the two countries.
Russia and India Consider Integration of Payment Stacks
Russia and India are mulling the integration of their debit payment stacks in order to prevent negative affects on their common payment flows by a hypothetical extension of U.S. sanctions in the future. In a recent high-level meeting, in which India’s External Affairs Minister Subrahmanyam Jaishankar and Russian Deputy Prime Minister Denis Manturov were present, the countries agreed to explore this integration to facilitate capital flows.
The agreement included considering the acceptance of Russia’s Mir Cards system in India, and India’s Rupay system in Russia, allowing c
We współpracy z: https://news.bitcoin.com/india-russia-mull-payment-system-integration-in-face-of-us-sanctions/
