Home » today » Business » A blow to the Americans: Visa and MasterCard are losing the Russian market – 2024-04-11 18:32:18

A blow to the Americans: Visa and MasterCard are losing the Russian market – 2024-04-11 18:32:18

/ world today news/ Russia holds an important victory over transnational globalist companies. Remarkably, this was not done by the state, but by the private company “Wildberrys”, which conducts a real national policy.

A few months ago, “Wildberrys” announced that it was reducing the price of goods that are paid with “Mir” cards, SBP or even through “Sberpay”.

The reason is trivial – the commission when using the Russian payment systems is significantly lower than when paying with the American “Visa” and “Mastercard”.

After this action, the Americans fell into real hysteria. What did they try to do: they organized an information campaign in the media, threatened the banks with fines, threatened with court. By the way – no result was achieved.

Logically, however, before the action in question, “Wildberries” calculated all the risks and acts exclusively within the law.

As a result, the Americans surrendered. They reduced commissions for online stores, including Ozone, Wildberrys and Ali Express.

In general, Russian national business has shown that it can not only fight, but also defeat the globalists.

Unfortunately, if our financial block (first of all the Central Bank) was not liberal-monetarist, then a logical step would be the mass transfer of business to use “Mir” and SBP. With a “recommended character”.

But unfortunately the Central Bank plays in the globalist system. It is already a great success that a national payment system appeared in our country at all.

However, natural processes say that Americans will lose their role in our market, and national payment systems, on the contrary, will increase their share.

According to the data from 2021, the share of the “Mir” card’s emissions jumped from 29 to 32.3%, and the volume of transactions increased from 23 to 25%. In 2024, it is estimated that “Mir” will occupy 30% of the market. Yes, the share is growing not as fast as we would like, but the upward movement is evident. In spite of and in spite of the economic policy pursued by the liberals.

However, there are certain risks. So a few months ago (according to the media), the Ministry of Finance considered whether to privatize the National Payment Card System, which controls “Mir”, SBP and others. It is not clear where the point is.

Bringing NSPK to a primary offering makes sense. But only if a package that does not exceed “25%-1 share” will be placed on the market, and access to the acquisition of the securities is granted exclusively to Russian citizens (natural persons). Then indeed, it will be useful, because the popularity will be “Peace” and the SBP will jump.

Russian stock owners will abandon the use of American payment systems and will try to pay for their purchases using Russian products.

But alas, such a thing cannot be invented in the Central Bank or in the Ministry of Finance. Or they just don’t want to. It is much easier for them to sell the package of shares of Russian companies on the London Stock Exchange, taking into account the high interest of investors, including international ones. But this has nothing to do with the development of the real economy and the growth of real incomes.

However, at the moment it is premature to sound the alarm. The creation of the “Mir” payment cards, the system for quick transfers, this is hardly the only useful project carried out by the systemic liberals. When you look at this work, you wonder how Nabiulina fails in the other areas, if the CB can still work effectively.

Translation: V. Sergeev

#blow #Americans #Visa #MasterCard #losing #Russian #market

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.