More than 287.3 million Mir card were issued by the end of Q4 2023, says the Bank of Russia. „They account for 56.0% of all domestic card transactions in Russia and 55.0% of debit and credit card issuance.” – according to the press release.
Any citizen of Russia can apply for a Mir card. It is provided to all pensioners, civil servants, public sector employees, and persons receiving welfare payments (e.g. recipients of social benefits or students).
As of 1 June 2024, there were 220 banks using the Faster Payments System (SBP). The system had processed over 15.8 billion transactions worth 71.2 trillion rubles. SBP, which was launched in 2019, allows individuals to instantly transfer funds to each other using mobile phone numbers, pay for purchases, pay utility bills and make a wide variety of other transfers.
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In 2014, the Bank of Russia established the National Payment Card System Joint Stock Company (NSPK) that launched Mir payment system cards. NSPK also processes domestic payments made in Russia with cards of international payment systems.
As of 1 January 2024, the national payments system comprises 27 payment systems and 362 money transfer operators.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
