Putin: Russia Will Create National Payment System

NOVO-OGARYOVO (Moscow Region), March 27 (RIA Novosti) – Russian President Vladimir Putin announced on Thursday that a national payment system similar to those of Japan and China would be created.

“These systems work in country’s like Japan and China, and they work very well. At first they worked like national, circulating in their own markets on their own territory, for their citizens, and now they are becoming very popular,” Putin said during a meeting with members of the upper house of parliament.

He said the Japanese system, which began as a national one, now operates in 200 countries.

“Why don’t we do that? We have to do this and we will do this,” the president said.


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