Evrofinance Mosnarbank, in collaboration with international payment system Visa, successfully completed a pilot project of setting up direct settlements in Rubles in Eurozone.

    Evrofinance Mosnarbank, in collaboration with international payment system Visa, successfully completed a pilot project of setting up direct multicurrency settlements in Rubles through the correspondent account of Direct Member opened with an authorized settlement bank for operations with cards issued by Visa International associated members.

    This settlement scheme allows the Evrofinance Mosnarbank’s partner credit institutions associated with the project to offer to the Visa cardholders the new settlement service in Rubles for operations performed in Eurozone, thus minimizing the currency risk for cardholders who use Visa cards for settlements in Rubles.

    Evrofinance Mosnarbank is a direct member of Visa International and provides the credit institutions with an opportunity to associate with this payment system under the sponsorship of Evrofinance Mosnarbank.