The largest Russian banks began to cancel cashback for purchases on the Internet

The RBC publication published a new material, which reports that the largest Russian banks have begun

cancel cashback for online purchases. It is known that such banks included Gazprombank, Home Credit and Credit Europe Bank.

This is due to the decision of the Central Bank to reduce acquiringtariffs for online purchases. So, after the Bank of Russia innovation, payment systems reduced the interbank commission up to 0.7%. It is noted that it is from the income of this commission that the issuing bank credits cashback.

So, from April 15 until September 30Acquiring fees for online stores will not exceed 1%. Recall that earlier the size of the commission was about 1.2% -2.2%. It is known that this tariff applies to both the purchase of products and consumer goods, electronics and other things.