Thursday, July 31, 2014
 
Follow sptimesonline on Facebook Follow sptimesonline on Twitter Follow sptimesonline on RSS
MOST READ



PARTNER NEWS



BLOGS



OPINION



WHERE TO GO?

The Romanovs in St. Petersburg

History of St. Petersburg Museum

Small Tragedy, Fatal Passion

Rimsky-Korsakov Apartment Museum

 

  Print this article Print this article

Central Bank to Pick Platform for National Payment System by Mid-July

Published: July 9, 2014 (Issue # 1819)



  • Central Bank head Elvira Nabiullina. The bank is yet to choose a company to create the new national payment system.
    Photo: Denis Abramov / Vedomosti

TheCentral Bank has delayed thedecision toselect thecompany that will create Russias new national payment system byabout two weeks, theregulators head, Elvira Nabiullina, said July 1 ata banking conference inSt. Petersburg.

President Vladimir Putin signed alaw onthe creation ofa national payment system inMay after Visa andMasterCard stopped servicing two Russian banks that had been blacklisted bythe U.S. inresponse tothe annexation ofCrimea.

Aworking group has been tasked with choosing thebest option fromtwo potential payment systems theUniversal Electronic Card, or UEC, developed byleading Russian lender Sberbank, or theGolden Crown money transfer system that has more than 40,000 branches inRussia, theCommonwealth ofIndependent States andother countries.

Thedecision was expected onJuly 1, but theworking group now has until mid-July toreach adecision. Nabiullina said that ashortlist ofcandidates already exists, but declined toname any ofthem, PRIME reported.

Sberbank head German Gref said Tuesday that he wants his organization todevelop theUEC system even if it is overlooked as theplatform forthe national payment system, Gazeta.ru reported.

Anew type ofelectronic chip has already been developed forthe UEC, but it will take about 18 months toreach full scale production, Kommersant reported inJune.

Explaining Sberbanks interest inthe project, Gref said that thebanks main competitors inthe coming years were likely tobe online payment systems such as Yandex.Money, Qiwi andWebMoney, which are providing stiff competition fortraditional banks.





 


ALL ABOUT TOWN

Thursday, July 31


Develop your leadership abilities during a lecture by famous Russian author and coach Radislav Gandapas. The event starts at 9 a.m. at 5 Lodeinopolskaya Ulitsa. The price for entry is 20,500 rubles ($570).


Relax and enjoy a Parisian atmosphere with some romantic and laidback jazz tunes during the Night of French Music at Lenny Jam Cafe, 63 Ligovsky Prospekt. The entrance fee is 250 rubles ($7).


The Womens Business Club is hosting a Beauty Brunch where participants are invited to discuss the latest news in the beauty industry and listen to lectures by professional stylists in the business.



Friday, Aug. 1


Bikers from all around the world will gather to take part in a parade, extreme shows and rock concerts during the International Biker Festival that revs its engines today and runs through Aug. 3 near Olgino Hotel, 4/2 Primorskogo Shosse.


The Peter and Paul Fortress will be turned into an open-air cinema today and tomorrow as part of the 5th International Short and Animation Film Festival. A huge screen across the fortress walls will air short films non-stop with board games, photo sessions and other activities also on offer for visitors. For more information, visit www.opencinemafest.ru



Saturday, Aug. 2


Gatchina Palace Park Museum will host its second annual Night of Light, an impressive audio-visual show across the night sky. Tickets are 600 rubles ($16).


If graphic design is more your thing then check out Illustration Day, where you will be able to visit an exhibition, attend lectures by professionals and even show experts some of your own work. The event starts at noon at Zona Deystvia, 73 Ligovsky Prospekt. The entrance fee is 350 rubles ($10).



Sunday, Aug. 3


History lovers shouldnt miss the chance to see reenactments of World War I battles in Pushkin at noon. Besides exciting war scenes, visitors can enjoy live music, historical costumes, an equestrian show and a fancy-dress parade starting from the Moscow gates.


Garage Sale, the popular and growing flea market where nothing is priced over 500 rubles ($14.11), starts today at noon in Loft-Project Etagi, 74 Ligovsky Prospekt. Be sure to get in early to score a bargain. Entry costs 50 rubles ($1.40)



Monday, Aug. 4


Continue the working week with a calm and steady mind with a free yoga lesson at 7 p.m. in the Bukvoyed store at 23A Vladimirsky Prospekt.



Tuesday, Aug. 5


Visit The Romanov Dynasty doll exhibition today, where more than fifty porcelain dolls depicting Russian rulers, and made by Olina Ventzel, will be on show. The exhibition continues through Aug. 31 in Sheremetyev Palace, 34 Fontanka Naberezhnaya.



Times Talk