Russia-based Rosselkhozbank has rolled out the first UnionPay-Mir debit card, as part of a collaboration between UnionPay International and the National Card Payment System Joint Stock Company (NSPK).
The new Mir card, which will be used in the UnionPay network covering more than 160 countries and regions outside Russia, is expected to considerably improve payment convenience for the Russians.
Go deeper with GlobalData
Rosselkhozbank has enabled all of its 3,500 ATMs and 6,000 POS terminals to accept UnionPay cards.
More than half of its POS terminals are located in local merchants such as Azbuka Vkusa and Alyeparusa supermarket.
At present, UnionPay cards are accepted at approximately 410,000 POS terminals and 80,000 ATMs in Russia.
Upon inception in 2014, the NSPK and the local payment card brand, Mir, have been partnering with local banks to accept and issue Mir cards.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataCurrently, 130 local banks have joined NSPK.
In September 2016, UnionPay International signed an agreement with NSPK to promote the banks in the system of NSPK to issue UnionPay-Mir debit cards.
