12.30 orlova elena 5 june 12h30
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- 1. Russian regulatory environment and the National payment
system EDAYS INTERNATIONAL E-COMMERCE CONFERENCE M O S C O W , J U
N E 4 - 5 , 2 0 1 5
- 2. The development and implementation of Russias NSPC E D A Y S
I N T E R N A T I O N A L E - C O M M E R C E C O N F E R E N C E M
O S C O W , J U N E 4 - 5 , 2 0 1 5 2
- 3. Key stages of NSPC development Stage 1: Until March 31, 2015
Development of national independent operational platform via local
operational payments and clearing center Stage 2: April-December
2015 Development and launch of National payment instruments
(payment cards) Stage 3: Y2016 2018 Launch of new products and
services of NSPC in Russia as well as promotion of Russian cards
and payment instruments outside Russia E D A Y S I N T E R N A T I
O N A L E - C O M M E R C E C O N F E R E N C E M O S C O W , J U N
E 4 - 5 , 2 0 1 5 3
- 4. What has been achieved so far and next steps Now Stage 1 is
completed: Russian banks have transfered Master Card and Visa cards
processing to the NSPC Operators security deposits have been paid
in accordance with Article 82.5 of Federal law 161 The NSPCs tariff
policy has been made public. However no concrete numbers are
available yet; E D A Y S I N T E R N A T I O N A L E - C O M M E R
C E C O N F E R E N C E M O S C O W , J U N E 4 - 5 , 2 0 1 5
4
- 5. Integration of international card operators Next steps
include: The integration of international card operators in
co-badging* form with JCB and MasterCard (negotiations - to be
completed in 2 months, according to Olga Skorobogatova of the
Central Bank) In 2016 the Central bank will further develop
international cooperation of NSPC with other foreign players *
Co-badging allows payers to use both payment systems infrastructure
E D A Y S I N T E R N A T I O N A L E - C O M M E R C E C O N F E R
E N C E M O S C O W , J U N E 4 - 5 , 2 0 1 5 5
- 6. Consequences for foreign players and Russian consumers
Consequences for foreign players (online and offline merchants,
ISPs) will be visible starting with local cards issuance December
2015 If co-badge is properly done, no changes will affect merchants
/ consumers 239+ million cards are issued in Russia up to now; in
2-3 years Russians will have newly issued national cards E D A Y S
I N T E R N A T I O N A L E - C O M M E R C E C O N F E R E N C E M
O S C O W , J U N E 4 - 5 , 2 0 1 5 6
- 7. The new payment regulations E D A Y S I N T E R N A T I O N
A L E - C O M M E R C E C O N F E R E N C E M O S C O W , J U N E 4
- 5 , 2 0 1 5 7
- 8. The new payment regulations: E-wallets and repaid cards E D
A Y S I N T E R N A T I O N A L E - C O M M E R C E C O N F E R E N
C E M O S C O W , J U N E 4 - 5 , 2 0 1 5 8 A bit of history:
Acting limits before May 16, 2014 Proposed limits, beg. 2014 - not
approved unidentified unidentified identified in simplified way
unidentified Limit of 1 transaction 15.000 RUR 1.000 RUR n/d 15.000
RUR Number of transactions, daily n/d 1 n/d n/d Outstanding amount
@e-wallet 15.000 RUR 5.000 RUR 60.000 RUR 15.000 RUR Monthly
payment volume 40.000 RUR 15.000 RUR 200.000 RUR 40.000 RUR
Cross-border payments not allowed not allowed allowed not allowed
Final wording (from May 16, 2014) E-commerce industry now benefits
from simplified identification, which still needs improvement
- 9. The impact of the personal data storage law on e-commerce
players and payment systems E D A Y S I N T E R N A T I O N A L E -
C O M M E R C E C O N F E R E N C E M O S C O W , J U N E 4 - 5 , 2
0 1 5 9
- 10. The impact of the personal data storage law E D A Y S I N T
E R N A T I O N A L E - C O M M E R C E C O N F E R E N C E M O S C
O W , J U N E 4 - 5 , 2 0 1 5 10 According to Federal law 152,
amended in 2014: Starting from Sept. 1, 2015, organizations are
required to use databases located in Russia for the collection
(including collection via Internet), recording, structuring,
storage, editing, extraction of Russian citizens personal data.
Impact on e-commerce players and PSPs includes transfer of
databases to Russia in case foreign datacenters are used
currently
- 11. [Company logotype and/or speakers picture] Lets keep in
touch! Elena Orlova expert in e-payments ex-CEO at PayU Russia
Email: a2309@mail.ru Phone: +7903 9618070 E D A Y S I N T E R N A T
I O N A L E - C O M M E R C E C O N F E R E N C E M O S C O W , J U
N E 4 - 5 , 2 0 1 5 11