Rus News Journal

FAS has forced Visa to write on - russki

payment systems

Yesterday the Federal antimonopoly service (FAS) has informed that has received from the Russian representation Visa the requested documents in Russian as she and demanded earlier that. In English there were only operational rules of the international payment system though head Uralvneshtorgbanka Valerian Popkov, of which reference achieved their transfer there is begun antimonopoly investigation.
the beginning of investigation of activity Visa in Russia MAP has declared on February, 27th. The reference in MAP president Uralvneshtorgbanka Valeriana Popkov became an occasion to it: in its opinion, Visa breaks a number of positions of the law on a competition in the market of financial services. In the reference Valerian Popkov has asked to oblige Visa to make the rules popular and to translate them into Russian (see from January, 20th and on March, 1st).
Yesterday the deputy minister on an antimonopoly policy Andrey Kashevarov has informed that in addition requested documents from the Russian representation Visa are received. It has explained that all documents received this time have been translated Visa on Russian as that and was demanded by the Ministry of an antimonopoly policy (MAP; nowadays FAS).
the First time MAP, we will remind, has directed in Visa official inquiry on March, 4th. He asked to present the certified copy of operational rules Visa International in English and Russian and the list of necessary conditions for occurrence in system Visa International of credit and other financial organisations . However on March, 10th it was found out that Visa in the answer has sent all these documents in English.
Visa in the covering letter has explained it to that rules in English urged to provide interaction of 22 thousand banks - members Visa all over the world. This explanation Visa on - visible while has satisfied antimonopoly body. At least, in the second detailed inquiry in Visa the requirement about translation into Russian of its operational rules was absent. However other he asked to translate all. As Andrey Kashevarov, " has explained; now us interest business - the plans established for banks by company Visa, and the indicators, characterising it a share in the Russian market " more;. Thus, Valeriana Popkov`s complaints on Visa are satisfied while only partially.
Andrey Kashevarov also has informed that FAS has received the answer and from the Russian payment system Union Card, answers from other payment systems operating in Russia she expects to receive by April, 17th. conclusions while early to publish, work only begins, - Andrey Kashevarov has shared the further plans. - now we will interview banks - members Visa . In most Visa comments have refused.