Feb 28, 2022 12:30:00

It turns out that Apple Pay and Google Pay linked to Russian financial institutions are no longer available

The Central Bank of Russia has announced that Google Pay and Apple Pay services linked to financial institutions in Russia are no longer available as countries tighten their regulations on Russia, which invades Russia.

Карты всех платежных систем в России продолжают нормально работать | Банк России

https://cbr.ru/press/event/?id=12720

Some Russian bank customers have been cut off from Apple Pay and Google Pay --The Verge
https://www.theverge.com/2022/2/26/22952191/russian-bank-customers-apple-pay-google-pay-financial-sanctions-ukraine

According to the Central Bank of Russia, domestic financial institutions such as VTB Group, Sovcombank, Novikombank, Promsvyazbank, and Otkritie FC Bank are regulated, making it impossible to use services outside Russia with cards issued by them. .. This includes Google Pay and Apple Pay, and it seems that they can no longer be registered as payment methods.

In addition, these cards can continue to be used in Russia. 'All of our customers' funds are preserved and always available,' the Central Bank of Russia explains.

According to

statistical data recorded in 2020, Sberbank Online provided by Sberbank Online was the most used online payment service in Russia that year, with 83% of respondents saying it was using it. In this statistic, Google Pay is 5th with a 29% share and Apple Pay is 9th with a 20% share. However, overseas media The Verge stated that 'this does not take into account the nature of Google Pay and Apple Pay as contactless mobile payments,' and it is possible that it boasted a further share as contactless payments. There is.

Regarding Russia's invasion of Ukraine, the European Union, the United States, the United Kingdom, Japan, Australia, Taiwan, etc. have announced that sanctions will be imposed, especially the European Union and the United States, the United Kingdom, Australia are multiple banks including the aforementioned Russian Savings Bank Business Insider

reports that it has frozen its foreign assets.

The European Commission, the United States, the United Kingdom and others have agreed to exclude some Russian banks from the International Banking Communications Association (SWIFT) , which is an international payment system, and are moving to tighten financial regulations. 'By removing some Russian banks from SWIFT, these banks will be separated from the international financial system and undermine their ability to operate globally,' the US government said . This financial regulation is expected to further expand regulations, including the unavailability of external services such as this one.