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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.
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.
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 threat by...
Three Turkish state banks plan to exit Russia’s Mir payments system over U.S. warnings of sanctions, Bloomberg reported Tuesday, citing an unnamed senior Turkish official.
April 5 (Reuters) - Russia is turning to microchip manufactures in China to circumvent western sanctions which have boosted demand for bank cards linked to the Mir payment system, an executive...
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 ...
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...
Crimea sanctions spurred Russia to build its own Mir payments network, taking the sting out of Visa, Mastercard exits By Alexander Osipovich and AnnaMaria Andriotis
Accordingly, those non-U.S. financial institutions that enter into new or expanded agreements with NSPK risk supporting Russia’s efforts to evade U.S. sanctions through the expanded use of the MIR National Payment System outside the territory of the Russian Federation.
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...