The President of Russia Vladimir Putin signed the law on gradual transition public sector employees and pensioners in the Russian payment card “the World”. The document was published on the official the official site of legal information on Monday, may 1.
According to the law, all credit institutions until July 1, 2017 must provide a receipt at ATMs instruments of the national payment system cards, “Peace”, transfers “Prime”.
In addition, all state employees must be transferred to the payment card “the World” until July 1, 2018. Pensioners will be able to obtain the card “the World” instead of already previously released cards until July 1, 2020.
In February, the Bank of Russia approved the proposal of “United Russia” on transfer of state employees and retirees on a “World”. Mandatory transfer to the card “the World” had also approved the Ministry of Finance.