Mir (payment system)

MIR
МИР

Mir headquarters in Moscow
Company type	PJSC
Industry	Financial services
Founded	2015; 9 years ago (2015)
Headquarters	11A Bolshaya Tatarskaya str., Moscow , Russia
Area served	Russia Accepted in: Armenia Abkhazia Belarus Cuba Egypt Iran Kazakhstan Kyrgyzstan South Ossetia Tajikistan Venezuela
Products	Debit cards, Credit cards, payment systems
Brands	Mir Pay Mir Secure
Parent	PJSC NSPK (100% owned by the Central Bank of Russia)
Website	mironline.ru privetmir.ru

Mir (Russian: Мир, IPA: [ˈmʲir]; lit. 'the world' or 'peace') is a Russian card payment system for electronic fund transfers established by the Central Bank of Russia under a law adopted on 1 May 2017.^[1] The system was developed by Belgian digital payments company OpenWay and is operated by the Russian National Card Payment System, a wholly owned subsidiary of the Central Bank of Russia.^[2] Mir does not itself issue cards, extend credit or set rates and fees for consumers; rather, Mir provides financial institutions with Mir-branded payment products that they then use to offer credit, debit, or other programs to their customers. The development and implementation of Mir was spurred by the imposition of international sanctions against Russia in 2014^[3] to circumnavigate the reliance on the likes of Visa and Mastercard, which were blocked in Russia at the time. Mir created its own digital wallet for contactless payments.