The EAEC can form a single payment space by the end of 2019

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The EAEC can form a single payment space by the end of 2019 30.11.2017 14:18

The EAEU can acquire a single unified payment space by the end of 2019, said Vladimir Komlev, General Director of the National System of Payment Cards (NSPC).

Komlev noted that in each country there are special features of regulation of legislation, as well as issues of integration with other payment systems, but all obstacles to overcome are planned within the mentioned terms. He was supported by Alla Bakina, the director of the national payment system department of the Central Bank.

Bakina said that the participants had already prepared a multilateral agreement in the field of supervision and monitoring of payment systems of the EAEC. It is assumed that this document will be signed in a short time: in the first half of 2018, Tass reports.

Moreover, a number of agreements have already been signed. In particular, we are talking about the contract of the NSPC and the payment system Belcard, within the framework of which they expect to implement the interaction of payment systems of Belarus and Russia. In addition, a roadmap for integration with the Kyrgyz payment system Elkart has been approved.