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gd1xza2022-03-09 18:07:18
Payment systems
gd1xza, 2022-03-09 18:07:18

Why didn't NSPK transfer tokenization to Russia?

Here is an article.
They write there:

In the event of an aggravation of the geopolitical situation, for example, the imposition of sanctions against a bank, transactions on cards of international payment systems linked to Apple Pay, Samsung Pay, Google Pay and other similar payment services may become unavailable to Russians, since Visa and Mastercard may disable their processing.

The task of processing tokenized payments in Russia is an expected step, says Denis Khrenov, head of the acquiring development directorate at Alfa-Bank. Since the data is decrypted outside of Russia, if sanctions are imposed, foreign payment systems may refuse to process such transactions, because they will know from which card the token came from, Alma Obayeva, chairman of the board of the National Payment Council, warns.

Article 2019. Regular payments have long been transferred to Russia and they work, so why haven’t tokenization been transferred for 3 years and now they write that all Pay will be turned off after 10?

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2 answer(s)
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Vladimir Korotenko, 2022-03-09
@firedragon

Commerce is cowardly by nature, so it bends under everything.
Russia said they built data centers here, they said the United States and Russia did not cave in to work. He said China doesn't need gays and surprisingly films are adapted to China.
The problem in general is not technical, the issue is market share. In the case of payment systems, the situation is generally funny. The US and others have notably stepped in the footsteps and helped China with its payment system.

R
RoundRobin, 2022-03-17
@RoundRobin

Because simply "transferring tokenization to the Russian Federation" will not help. Simply put, the tokens used by google pay / apple pay are issued by Visa / mastercard. When you turn off "on the other side" everything will stop working. Therefore, tokens are required. Which is partially implemented in MirPay.

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