National Payment Platform Almost Ready (+Visa and Mastercard)

The Superintendency of the Institutions of the Banking Sector (Sudeban), held this Wednesday, February 5, a working meeting with the Ministry of Economy and Finance, the Central Bank of Venezuela (BCV), representatives of public and private banking, as well as payment processing corporations, with the purpose of establishing the necessary measures to initiate the implementation of the Naiguatá Project on the planned date; currently the national payment platform project presents an advance of 75%, and is in the operational and transactional testing phase.


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The Superintendent, Antonio Morales said that given the latent threat of the Visa and Mastercard franchises to withdraw from the country, the national platform is a state security project, as part of the measures that allow mitigating the unilateral and coercive sanctions imposed by the US government. Therefore, “We have been working on alternatives to prevent the collapse of our payment system, such as biopayment and the interbank mobile payment system. However, in order to provide greater peace of mind to the population, we will work quickly, and technical tables and a contingency plan will be established to adopt all the necessary measures and to evaluate the possible scenarios to complete this project,” he said.

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On the other hand, the Vice Minister for the National Banking System, Christiam Hernández, reported on the unification of credit portfolios directed according to the financial reorganization proposed by the National Executive, through the single national productive portfolio, whose regulations will be issued in the next days.

Finally, the National Superintendent of Cryptoactive and Related Activities, Joselit Ramírez, highlighted that “we are working together to rescue the economic and financial independence of the homeland, building a new concept of the digital economy. Together with Sudeban, we move forward to define authorizations for strategic alliances between exchange houses and banks, as well as the establishment of hybrid outlets that allow transactions in bolivars and cryptocurrencies. ”

Source URL: La IguanaTV

Translated by JRE/EF

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