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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 ...
Jul 20, 2021 · Digital payment rails are becoming more important to national economies and how they control their payment ecosystems. Peter Keenan. 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.
4 days ago · More than 287.3 million Mir card were issued by the end of Q4 2023. They account for 56.0% of all domestic card transactions in Russia and 55.0% of debit and credit card issuance. Any citizen of Russia can apply for a Mir card.
Mar 6, 2022 · Banking. This article is more than 2 years old. Mastercard and Visa block in Russia does not stop domestic purchases. Impact of US card giants’ move diluted after local Mir payment system...
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...
Mir 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. The system was developed by Belgian digital payments company OpenWay and is operated by the Russian National Card Payment System, a wholly owned subsidiary of the Central Bank of Russia.
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