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Countries where the MIR payment system operates. Mir (Russian: Мир, IPA:; lit. ' the world ' or ' peace ') is a Russian card payment system for electronic fund transfers established by the Central Bank of Russia under a law adopted on 1 May 2017.
- PJSC NSPK (100% owned by the Central Bank of Russia)
What is ‘MIR’. Kirill Kuhmar/TASS. In 2014, after Crimea voted to join Russia in a referendum, the National Payment Card System (NPCS), the operator of ‘MIR’ cards, was created. The word ...
The national payment system allows individuals and legal entities to make cashless settlements and payments. The share of cashless payments in total retail turnover as of 2023. 83.4% As of 1 January the national payments system comprises 27 payment systems, 362 money transfer operators.
Jul 20, 2021 · Known as ‘Mir’, the development trajectory of Russia’s national payment system has been astronomical. The first Russian banks began issuing Mir cards under a pilot project in late 2015. A year later, more than 1.75 million cards had been issued, jumping to 19 million by the final quarter of 2017, according to data from state news agency TASS.
Nov 19, 2022 · James Rogers. Following the Russian invasion of Ukraine, U.S. companies such as Visa and Mastercard were quick cut links with Russia’s Mir payment system, but the network’s overseas reach remains...
Apr 20, 2022 · A digital wallet, Mir Pay, launched in 2019, continues to operate on Android devices. Taken together, these systems mean that for many Russians domestic transactions have kept flowing, even if...
Sep 1, 2022 · Mir Pay, a mobile application developed by the Bank of Russia's National Card Payment System (NSPK), is now one of the few contactless systems available to Russians, and currently only...
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