News

American Express halts services in Russia and Belarus

Monday 7 March 2022 08:30 CET | News

Credit card company American Express has announced that globally issued Amex cards will no longer work in Russia, and cards issued in Russia will not work outside the country.

This announcement comes in addition to previous measures taken, which include halting relationships with banks in Russia impacted by the US and international government sanctions.

Other credit card companies have taken similar steps. Mastercard stated on 6 March 2022 that it was suspending its network services in the region. Cards supported by Russian banks will not work in Mastercard's network, and any cards issued outside of Russia will not work within the country.

The same actions have been undertaken by Visa as well, ending all of it transactions in the region and nullifying its cards issued in the country. The company stated that it regrets the impact this will have on its clients, partners, merchants, and cardholders in the Russian Federation.


More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: American Express, Visa, MasterCard, Russia Ukraine War, credit card, debit card
Categories: Payments & Commerce
Companies: American Express
Countries: Belarus, Russian Federation
This article is part of category

Payments & Commerce

American Express

|
Discover all the Company news on American Express and other articles related to American Express in The Paypers News, Reports, and insights on the payments and fintech industry: