Sberbank doubled the validity period of cards in the Mir national payment system to ten years. About this issue in an interview with RIA Novosti at the Eastern Economic Forum declaration Deputy Chairman of the Board of Directors of Sber Kirill Tsarev.
He announced that this will come into force in September for debit cards and on October 3 for credit cards. Tsarev said Sber cards are wear-resistant and designed to operate uninterruptedly for at least 10 years.
Last year, most major Russian banks made international payment systems Visa and MasterCard cards unlimited. This decision was made after the separation of payment systems from Russia. Some credit institutions have extended the validity period of cards until 2028 and 2030.
Previously, the standard validity period of cards for domestic banks was three years. But it was increased gradually. Each bank may set the deadline at its discretion. For example, Visa allowed issuing cards for up to 20 years, but almost no banks used this option. The maximum maturity in the market was 10 years.
Previously reportedHe said Sber offers an innovative payment method.