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Mir ( Russian: Мир, IPA: [ˈmʲir]; lit. 'peace' or 'world') is a Russian payment system for electronic fund transfers established by the Central Bank of Russia under a law adopted on 1 May 2017. [1] The system is operated by the Russian National Card Payment System [ ru], a wholly owned subsidiary of the Central Bank of Russia. [2]
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 “mir” means...
Mir, meaning 'peace' or 'world' in Russian, is a payment system in the Russian Federation. Mostly, it is used for bank transfers and initially all welfare and pension payments go through the Mir...
The word "mir" means "world" or "peace" in English. It was created in case of a disconnection of cards from international payment systems. Even then, budget organizations began to gradually abandon payments to Visa and Mastercard cards.
MOSCOW, July 20 (Reuters) - Russia's card payment system Mir, which was set up in 2015 after the West imposed sanctions on Moscow, is now connected to Apple Pay , the card issuer said on Tuesday.
Business Russia Built Parallel Payments System That Escaped Western Sanctions Crimea sanctions spurred Russia to build its own Mir payments network, taking the sting out of Visa, Mastercard exits...
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