This is the Order Given to Deal with Visa – Master Card Transactions in Venezuela

The Superintendency of Banking (Sudeban) ordered the “bank system to start within 10 business days a plan that allows all operators and payment systems to get interconnected and getting all the electronic routing made within our country”.

“Given the threat -by US Government- to the payment platform, we must prepare our financial system to seek its independence, since it currently depends on the operation of franchises such as Visa and MasterCard,” said Superintendent Antonio Morales.

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This Friday, Morales and the National Financial Intelligence Unit (UNIF) met with the Public Banking, Private Banking and payment processors to evaluate the creation and implementation of a payment platform 100%  independent from the US.

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Source URL: La IguanaTV

Translated by JRE/EF

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