The Visa payment system will stop all transactions in the next few days. After this, all the transactions initiated with the cards issued in Russia will not work outside the country.
Also, any Visa cards issued by the financial institutions outside of Russia will no longer work in the Russian Federation, their Facebook page says.
“We have to act after Russia’s unprovoked invasion of Ukraine and the unacceptable events we have witnessed. This war and the current threat to peace and stability require that we act according to our values,” said the Visa Inc. CEO, Al Kelly.
Visa Inc. announced the suspension of its activities in Russia on March 5. Along with it, another payment system, Mastercard, made a similar decision. Mastercard also said that the network would no longer support cards issued by Russian banks. Any cards issued outside the country will not work with Russian vendors or ATMs.