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Russia launches its Mir payment cards in Cuba

Russia's National Card Payment System (NSPK) said on Tuesday it had launched its Mir payment cards in Cuba, making the Caribbean island one of only a handful of countries to join Moscow's alternative to Visa and Mastercard. Payment cards issued by Mir have become more important since its U.S. rivals suspended operations in Russia after Moscow sent tens of thousands of troops into Ukraine, and their payment cards which were issued in the country stopped working abroad. The NSPK said the cards will first be accepted in popular tourist locations, including the Cuban capital Havana and the resort town of Varadero. ....

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African country may join Russia's Mir Payment System, envoy

Russia has been courting ‘friendly’ countries, those that have not imposed sanctions against Moscow over its actions in Ukraine, but has stopped disclosing which ones accept the cards. ....

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Russia pursues payment solutions as Mir card used in just 9 countries

However, banks in some 'friendly' countries, including Turkey, Kyrgyzstan and Tajikistan, halted Mir transactions after the U.S. Treasury included the head of Russia's National Card Payment System (NSPK) on its sanctions list and suggested that those working with the NSPK could also face restrictions. The limited reach of Russian bank cards highlights the wider issue of Moscow's isolation on the global stage. ....

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U.S. does not object to Kazakh banks using Russia's Mir bank card

The importance of Mir cards for Russians rose significantly this year, amid sanctions over Russia's invasion of Ukraine, and after U.S. payments firms Visa Inc and Mastercard Inc suspended operations in Russia and their cards that were issued in Russia stopped working abroad. "The American agency clarified that it has no objection to the use of Mir bank cards by private individuals, namely citizens who have migrated from Russia to Kazakhstan, to make life-sustaining transactions," Kazakhstan's financial market regulator said in a statement, referring to the U.S. Treasury Department's Office of Foreign Assets Control. ....

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Sri Lanka not to operate MIR card scheme

Sri Lanka’s Central Bank has suspended the processing of payments via MIR cards issued by Bank of Russia’s National CardContinue Reading ....

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