AliExpress becomes first foreign company to accept Mir credit card

Chinese online retail giant AliExpress will be the first foreign company to accept Russia’s national Mir credit…

Russia looks to link new Mir credit card with China’s Unionpay, says Moiseev

Russia is getting close to signing a deal that would link its new Mir credit card system…

CBR to partner with Japanese Credit Bureau for Mir card launch

The Central Bank of Russia (CBR) this week announced that it is going into partnership with the Japanese…

Mastercard and JCB express interest in new Russian national payment card

The authorities in Moscow yesterday unveiled the prototype of the new Mir Russian national payment card that will go into…

New national payment system crashes for five hours, three weeks after launch

Russia’s new national payment system –  set up just weeks ago –  crashed for five hours yesterday.…

Mastercard agrees Russian processing deal

Mastercard agrees Russian processing deal: MasterCard has agreed to transfer all its card processing functions within Russia to the…

Visa and Mastercard stop servicing Crimean card transactions

Visa and Mastercard have announced that they will no longer service card transactions executed in Crimea. “Due…

UnionPay clinches Gazprombank business

UnionPay: Russian’s third-largest lender Gazprombank this week began issuing bank cards using the Chinese payment system UnionPay, the bank has announced.…

Central Bank to build own national payment system platform

National payment system platform: The Central Bank of Russia this Tuesday announced that it had  decided to build…

Mobile phones the future for Kazakhstan payment system

Kazakhstan payment system: Kazakhs could end up paying for goods and services directly from their cellphones sooner…

Russian national payment card company formed

Russian national payment card company: The  Central Bank of Russia has set up a national payment…

Putin spells out vision for national payment system

National payment system: Russia may end up with a national payment system like Japan’s or China’s which  both…

Visa and Mastercard Russian cost base under scrutiny

Visa and Mastercard Russian cost base: It would be cheaper for Visa and Mastercard to quit Russia…

Putin signs up to Russian national payment system

Russian national payment system:  In response to the recent sanctions imposed by Visa and Mastercard, President Vladimir…

2-3 years needed for Russian national payment system

Russian national payment system: It would take Russia up to three years to create its own national payment system…

Putin backs Russian National Payment System

Russian National Payment System: President Vladimir Putin says Russia should create its own national card payment…