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Development Stages of the Payment System

There are three stages envisaged for developing JSC NSPK.

During the first stage (before March 31, 2015), an independent national transaction processing platform has been created. All transactions made within Russia using national and international payment system cards are processed through this platform. The payment industry participants interact via NSPK Transaction Settlement and Clearing Center (TSCC) regarding any transactions made with the international payment system cards.

The second stage (April-December 2015) has been devoted to development and launch of the national payment instruments.

The third stage (2016-2018) focuses on NSPK product line enhancement by offering up-to-date payment products and services, its promotion and expansion within Russia. Also the objective is to further promote the national payment cards, other electronic payment means and Mir Payment System outside of Russia.