The media found out about the suspension of Visa and Mastercard from «Finance»

© AP Photo / Martin Main systems Visa and MasterCard. Archival photoThe media found out about the suspension of Visa and Mastercard from «Finance»© AP Photo / Martin Meissner

Visa and Mastercard were excluded from the Association «FINTECH», created under the auspices of the Bank for the development of financial technologies, after about two weeks after joining, the newspaper «Vedomosti», citing a source close to the «Pentaho».

According to them, the decision was made because the Association is working on important state projects, and Visa and Mastercard of a foreign company. The justification for excluding companies is not provided, added the sources.

The company was admitted to the Association on 12 October. Now on the website «Finance» Visa and Mastercard are not listed among the participants. The representative of the «Finance» the newspaper said that the Association «is open for cooperation and continues to negotiate with Visa and Mastercard». Representatives of payment systems and securities on the request is not answered.

Non-cooperation with Visa and Mastercard are dictated by security issues, said one of the members of the Association.

Association «FINTECH» created at the end of 2016. Its founders – Bank, Sberbank, VTB, Gazprombank, OTKRITIE, Alfa-Bank, the national system of payment cards Qiwi. The aim of the Association is the development and implementation of new technological solutions in order to ensure the development of the financial market and creation of conditions for the digitalization of the economy of the Russian Federation.

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