The Central Bank of Armenia has published a statement about the future of Russian Mir cards in the country.
“The Central Bank receives many requests regarding the operation of the Mir payment system in Armenia, and we inform you that commercial banks of the Republic of Armenia” independently decide which payment systems to cooperate with based on their risk management strategy, including those related to sanctions. With regard to customer service, commercial banks are obliged to inform their customers properly in case of changes in their terms of service.“ – the bank stressed.
In February 2024 the U.S. imposed sanctions on the Russian National Payment Card System, which operates the Mir payment service. Later, Russian newspapers reported that Armenian banks were preparing to work without the Mir system.
National Payment Card System Joint Stock Company (NSPK) was founded on July 23, 2014, and 100% of its shares belong to the Central Bank of the Russian Federation.
NSPK has produced more than 139 million Mir cards.
