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Mir ( Russian: Мир, IPA: [ˈmʲir]; 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. [1] .
14 Jun 2024 · As of 1 January the national payments system comprises 27 payment systems, 362 money transfer operators. The Bank of Russia ensures the stability and smooth functioning of the national payment system. It also provides the necessary infrastructure for cashless settlements in the Russian Federation.
Visa and Mastercard debit and credit cards issued by Russian banks will no longer work abroad. Meanwhile, Russia’s ‘MIR’ payment system is becoming the main domestic payment system.
22 Nov 2022 · Russia’s international ambitions for its homegrown alternative to Visa and Mastercard have been dashed as even some of its closest allies have dropped its Mir payment system following a...
20 Jul 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.
20 Apr 2022 · Now, Russia is reaping the rewards for creating an alternative payments system that has helped mitigate the effect of more severe sanctions put in place after Putin sent tanks over Ukraine’s...
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.
