Russia, China discuss integrating payment systems

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November 1, 2017 – Fort Russ News – Paul Antonopoulos

Moscow, Russia – Russian Prime Minister Dmitry Medvedev told reporters that discussions are being held between Russia and China to integrate their payment systems together.

“At the moment, issues of somehow linking the Mir card with Chinese payment instruments on the basis of the so-called co-badged cards are being discussed,” Medvedev said.

“It will allow to use cards in transactions in Russia and on the territory of other countries. I view those prospects as very promising and they will allow to avoid the problems that sometimes emerge with the use of US payment systems,” the Russian premier said.

“I believe that the more financial instruments the modern world has, the more stable the international financial system is,” he said.

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