Financial Sector Overview slide image

Financial Sector Overview

Bank of Russia FINANCIAL SECTOR OVERVIEW The Central Bank of the Russian Federation NATIONAL PAYMENT CARDS SYSTEM Setting the standards for the payment industry to provide convenient and stable services 56 NSPK NATIONAL PAYMENT CARDS SYSTEM MIR ✓ Russian national payment system "Mir" was created on 23 July 2014 ✓ Operator of Mir Card Payment System is National Card Payment System Joint-Stock Company, 100% of its shares belong to the Bank of Russia ✓ More than 53 mln "Mir" payment cards were issued by year end 2018 in Russia ✓ Co-badging projects with international payment systems: Maestro, JCB, AmEx and UnionPay ✓ Support of mobile payment service Samsung Pay ✓ Mobile payments service MirPay is launched ✓ PayPass system has been successfully implemented ✓ Payment system "Mir" launched a loyalty program which allows card holders to receive cashback "Mir" payment cards are accepted in the Republic of Armenia, Kyrgyz Republic, as well as in the infrastructure of VTB Bank in the Republic of Kazakhstan and the Republic of Belarus
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