India and Russia May Use Each Other’s Payment Systems – DH

India and Russia may soon start using each other’s national payment systems in a move that would help circumvent Western sanctions on Russia, India’s Deccan Herald reported, citing unnamed sources.

The plan being discussed by the two nations would enable the use of Russia’s Mir cards at India ATMs and Point of Sale terminals, and India’s RuyPay cards in Russia, said the report.  The move was discussed during India National Security Advisor Ajit Doval’s visit to Moscow last week, it added.

 

Read the full report: Deccan Herald

 

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Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India’s economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.