Until the end of 2019 a single payment area can be formed in the EAEC

In the countries of the Eurasian Economic Union, a single payment area can be formed before the end of 2019. This was told Vladimir Komlev, CEO of the National Payment Card System (NBTS), summing up the outcome of the second working meeting between the heads of the national payment systems and banks of CIS countries,

According to him, every country has its own legal characteristics, culture. There are features in the issues within the integration of other payment systems and participants of these issues, we have to re-decide to seek a compromise. But it is planned that by the end of 2019 a single payment area will be operational.

Alla Bakin, director of the National Bank of Russia payment system, also made a statement on the results of the above-mentioned meeting. She noticed that the participants have already prepared an agreement multilateral character in relation to the supervision and oversight of payment systems EAEC. She hopes that this document will be signed early next year.

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