Apple Pay and Google Pay cut off some Russian customers

Date:
Mon, 28 Feb 2022 13:32:32 +0000

Description:
Everyday Russians unable to use Apple Pay or Google Pay after some banks were sanctioned.

FULL STORY ======================================================================

Russia's invasion of Ukraine has caused global condemnation and sanctions levelled at some of its largest banks mean that Russians are no longer able
to access mobile payments apps Apple Pay or Google Pay.

According to the Central Bank of Russia (via Insider ), cards issued by VTB Group, Sovcombank, Novikombank, Promsvyazbank, and Otkritie are no longer
able to be used with pay services from Apple and Google.

Customers won't be able to use these cards abroad or make online payments to countries that have issued sanctions, according to the Central Bank.That
means that Russians cannot use services from companies located in at least
the US, UK, European Union, and Australia. Sanctions taking force

The sanctions have already led to long lines at ATMs in Russia, exacerbated
by worries over the value of the ruble as the currency plummets and the Russian government implemented withdrawal limits.

The Central Bank announced that bank cards would continue to work for
standard and contactless payments across Russia and customers would be able
to access their funds at any time. READ MORE

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The reckless invasion of Ukraine ordered by Putin has rapidly led Russia into global pariah status, with few allies coming to its aid (and even fewer that don't share land borders).

Justified by nationalism and the experiences annexing Crimea, it seems that Russia had assumed that Ukrainians would quickly submit to their new overlords. So far, the opposite has been true, albeit we are only in the very early stages of the conflict.

The West, led by the US and EU, has been quick to sanction Russia's government, oligarchs, and leaders while providing support to Ukraine's military, government, and citizens. We've also featured the best mobile card payment readers



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Link to news story: https://www.techradar.com/news/apple-pay-and-google-pay-cut-off-some-russian-c ustomers/


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