MIR Payment System
MIR is a national payment system established by the Central Bank of Russia by the law adopted in May 1, 2017. It is currently accepted mostly by Russia-based companies, such as Aeroflot or Russian Railways, though it is gradually gaining acceptance among foreign companies with Russian operations. The system is operated by the Russian National Card Payment System, a wholly owned subsidiary of the Central Bank of Russia.
The first MIR cards were issued in December 2015 under a pilot project. It is planned that MIR cards will be widely spread in Russia. It is also envisaged to promote the card abroad under co-badging projects with international payment systems. Currently, Mir-Maestro, Mir-JCB and Mir-AmEx have already being issued.
Unlike international payment systems’ card transactions, MIR card transactions cannot be suspended and no external economic and political factors can affect their processing.