Visa increased the maximum amount for purchases without a PIN


www.vsyako.netPhoto: Kirill Kallinikov / RIA Novosti

Visa international payment system for the first time in five years, increased the maximum amount of payments that do not require PIN entry. It is reported by RIA Novosti.

Due to the growing popularity of contactless payment among Russians Visa has decided to increase the maximum amount that the owner can remove the card without using the PIN, up to three thousand rubles. For the first time about their intentions Visa said in March 2019.

It is noted that each Bank will make the decision about improving or maintaining the limit at the same level independently. So, Gazprombank said that it plans to raise the maximum amount, but has not yet named the exact date of reconfiguration. Also about innovation, positive such banks as VTB, “Russian standard”, the PSB, but only in Raiffeisenbank expressed willingness to reconfigure the terminal in the night of April 13.

“Overall, the growth limit is a step forward that will positively affect the future growth of contactless payments and payment cards, which contribute to the transparency of the economy,” said development Director of payment solutions of the company “Motor” Zaur Besolov.

It is noted that neither MasterCard nor the payment system “World” is not going to increase this threshold.

Earlier in April it became known that Visa and Mastercard have demanded from the Russian banks to only issue contactless cards. Payment system “Peace” such demands is not planning to initiate.

Video, photo All from Russia.


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