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.
#Entérate || El Superintendente Cmdte. Antonio Morales señaló que, “ante la amenaza al sistema de pagos debemos preparar nuestros sistema financiero para buscar su independencia ya que actualmente depende de la operatividad de franquicias como Visa y Mastercard”. pic.twitter.com/LEAPYiqxg1
— SudebanInforma (@SudebanInforma) March 22, 2019
La #Sudeban instruyó a la banca iniciar en plazo de 10 días hábiles un plan de trabajo que permita que todas las operadoras y sistemas de pago estén interconectados y el enrutamiento de los pagos se realice en nuestro país. pic.twitter.com/QAv0IDpgcU
— SudebanInforma (@SudebanInforma) March 22, 2019
Translated by JRE/EF
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