Development Stages of the Payment System

The NSPK Development Strategy envisaged three stages:

  1. At the first stage (before March 31, 2015), an independent national platform for processing of domestic transactions made with the use of national and international payment cards was created. The interaction between the payment card industry participants organized via NSPK Operations and Payment Clearing Center regarding any transactions made with international payment systems’ cards.

  2. The second stage (April-December 2015) was allocated for the launch and development of the national payment instruments.

  3. It is envisaged that the third stage (2016-2018) will focus on the NSPK product line enhancement by offering up-to-date payment products and services, their promotion and expansion on the territory of Russia. It is also envisaged to further promote the national payment cards and other electronic means of payment and the Mir services abroad.