Dr. Dwayne
Self proclaimed tagline king.
I work at an US corporate that also has a branch in Russia, am I right saying with SWIFT switched off they won’t be able to take any card payments? Which virtually shuts their sales off. Thinking about what SWIFT being turned off means in practical terms.
I'm not sure SWIFT has anything to do with credit and debit card transactions. TSYS is the biggest player for card payments globally as far as I know.
But not being able to access SWIFT would make it impossible for issuers to settle with the credit card companies.