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Mir is a state-subsidised payment system, which came into force on 1 May 2017 mandating that all welfare and pension payments be processed by January 2018. Banks were reluctant to issue them, as they feared that their cost might be higher compared to cards belonging to more established payments systems.
Mir is operated by Russia’s National Payment Card System Joint Stock Company (NSPK), which was set up by the Bank of Russia in 2014. At that time, Russia was facing international sanctions...
Russia’s homegrown payments system Mir said the cardholders would still be able to access their funds, make withdrawals and domestic transfers – at least until their bank cards expire.
ISTANBUL, Sept 19 (Reuters) - Turkish lenders Isbank and Denizbank have suspended use of Russian payment system Mir, the banks said on Monday, following a U.S. crackdown on those accused of...
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...
Five Turkish banks have adopted Russia’s Mir payments system, Turkey’s President Recep Tayyip Erdogan said on his return from talks with President Vladimir Putin in the Black Sea resort of...
Meet NSPK, Russia's payment system | Fortune Finance · Finance Russia prepared for 8 years to be cut off from the West. Meet the payment system that’s still processing its credit card...
The United States on Thursday sanctioned the chief executive of the Bank of Russia's National Card Payment System (NSPK), which runs Mir, saying it was seeking to hold the Russian government ...
MOSCOW, July 27 (Reuters) - Iran will soon start accepting payments made with Russia's Mir bank cards, a top official was quoted by Russia's RIA news agency as saying, making it the latest country ...
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.