Open Demo Account
Home / Market Update / Forex Market / MasterCard Bans a Number of Russian Financial Institutions From Its Network

MasterCard Bans a Number of Russian Financial Institutions From Its Network

Adel 1 March, 2022 10:45 am Forex Market, Global Stock Market, Market Update

It has been another busy holiday season this year with online sales growing 11% year-over-year (YoY) according to the latest Mastercard SpendingPulse market intelligence which focuses on the measurement of in-store and online retail

MasterCard said late Monday that it has blocked a number of financial institutions from the MasterCard payments network as a result of sanctions orders imposed on Russia.

The company said in a statement that MasterCard will continue to work with regulators to fully implement its compliance pledges.

Tags

Check Also

Britain’s Economy Rebounds in Q1, But Long-Term Growth Woes Cloud Election Outlook

Key Points: Stronger Rebound: Britain’s GDP grew by 0.7% in Q1 2024, exceeding initial estimates, …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends