The Russian financial markets created a vertically integrated trade association. Payment systems MasterCard, Visa and "Golden Crown" announced the establishment of the National Payments Council, the work in which all participants are invited to e-payments market, from banks to money transfer systems. Members of the Board plan to jointly fight the imperfections of the law "On the national payment system."
Payment systems MasterCard, Visa and "Golden Crown" announced the establishment of associations - the National Payments Council. The main purpose of the association announced the promotion of the Russian electronic payments industry. According to market participants now share such payments from the total settlement is carried out by the citizens of just 7%, given that in countries where the industry has developed - 30-40%.
Establishment of an association, which assumes participation of banks and money transfer systems, as well as all the participants in the payment infrastructure (such as clearing and operational centers), directly related to the creation in Russia of the national payment system and the adoption of the relevant law and regulations. Chairman of the Board of Directors of the payment system "Golden Crown" Nikolai Smirnov called the "participation in improving the regulatory and legislative framework," the first of the ways in which the work will be done of the association.
Market participants have expressed the view that many of the provisions of the law "On the national payment system," which came with the exception of certain provisions in force on 29 September 2011, require further study. Even after the law (second reading) has disappeared requirement does not use overseas infrastructure, which automatically excluded the major players Visa and MasterCard are among the potential participants, the performance of many of the law has proved difficult. Thus, for example, by law, all operators of electronic money to the October 1, 2012 must be by credit institutions or non-bank credit institutions with the right to transfer money without opening bank accounts and other related banking transactions. To do this they must obtain the appropriate license of the Central Bank. In this regard, for example, the system "Yandex" should urgently consider three options: buy a bank, to sell a stake in the bank to obtain a license or NGOs. "For the industry is a very important process of developing regulations and normative documents, which should appear as part of the requirements of 161-FZ" - outlined the immediate tasks of the association of its chief executive Alexei Maslov.
Payment systems MasterCard, Visa and "Golden Crown" announced the establishment of associations - the National Payments Council. The main purpose of the association announced the promotion of the Russian electronic payments industry. According to market participants now share such payments from the total settlement is carried out by the citizens of just 7%, given that in countries where the industry has developed - 30-40%.
Establishment of an association, which assumes participation of banks and money transfer systems, as well as all the participants in the payment infrastructure (such as clearing and operational centers), directly related to the creation in Russia of the national payment system and the adoption of the relevant law and regulations. Chairman of the Board of Directors of the payment system "Golden Crown" Nikolai Smirnov called the "participation in improving the regulatory and legislative framework," the first of the ways in which the work will be done of the association.
Market participants have expressed the view that many of the provisions of the law "On the national payment system," which came with the exception of certain provisions in force on 29 September 2011, require further study. Even after the law (second reading) has disappeared requirement does not use overseas infrastructure, which automatically excluded the major players Visa and MasterCard are among the potential participants, the performance of many of the law has proved difficult. Thus, for example, by law, all operators of electronic money to the October 1, 2012 must be by credit institutions or non-bank credit institutions with the right to transfer money without opening bank accounts and other related banking transactions. To do this they must obtain the appropriate license of the Central Bank. In this regard, for example, the system "Yandex" should urgently consider three options: buy a bank, to sell a stake in the bank to obtain a license or NGOs. "For the industry is a very important process of developing regulations and normative documents, which should appear as part of the requirements of 161-FZ" - outlined the immediate tasks of the association of its chief executive Alexei Maslov.
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