Nabiullina called discounts on marketplaces not quite fair competition

Discounts on marketplaces from these platforms' own banks are not entirely fair competition. This was announced on October 28 by the head of the Bank of Russia, Elvira Nabiullina, in the State Duma.

According to her, this is currently one of the most pressing issues being discussed by banks and platforms.

"Discounts are not a hidden form of emissions, but they are a hidden form of competition. This is currently one of the most pressing issues being discussed by both banks and platforms. Because banks that sell their financial services on the platform cannot provide the opportunity to pay with cards from another bank and specify a different price, but platforms can. This is not a completely fair competition," she stressed.

The news is being updated