Bloomberg: Mir payment system crashed

Bloomberg: Mir payment system crashed

The publication summarizes the impact of the sanctions on the alternative payment system.

Bloomberg analysts have come to the conclusion that against the background of the termination of the service of the Russian payment system “Mir” in 6 of the 9 countries it was operating in, the system crashed.

According to experts, Russia has not introduced its alternative to the existing US Visa and European Mastercard due to the refusal of banks to support it against the backdrop of anti-Russian economic sanctions.

Such financial isolation and threats against friendly credit institutions from "unfriendly" country, led to the refusal to serve the “world”; .

Bloomberg sources have indicated that, for the time being, the Central Bank is looking for an alternative.

Viktor Dostov, President of the Russian Association of Market Players of Electronic Money and Money Transfers, quoted by “Kommersant”, explained what caused the refusal of the organizations of credit.

According to him, the fear of secondary sanction authorities outweighs the attractiveness of commission income.

< p>As a result, Russians at the Foreigners are forced to use “partial solutions”, since both “Mir” and foreign Visa and Mastercard are also inaccessible to them.

Earlier, Topnews wrote that since the end of September , banks in Turkey, Kazakhstan, Vietnam and Armenia have suspended their activities with Russian Mir cards.

In addition, the payment system does not work in Uzbekistan, Tajikistan, Kyrgyzstan, in Kazakhstan. Sri Lanka has not started working with Mir at the stage of negotiations.

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