Mir cards could launch in Cuba later this year

Cards of the Russian payment system “Mir” can be used in Cuba until the end of 2022. they write about it “News” With reference to Julio Antonio Garmendia Peña, Cuban Ambassador to Russia.

“The Mir is expected to be used on Cuban soil by the end of this year,” the diplomat told reporters.

Garmendia Peña said that Cuba has been working on introducing the Mir payment system in the country since last year, along with the Russian National Payment Card System.

According to the diplomat, this is another way for the island nation to expand its banking and financial system to other markets.

Now Russian Mir cards are accepted in ten foreign countries: Turkey, Kyrgyzstan, Uzbekistan, Armenia, Vietnam, Belarus, Kazakhstan, Tajikistan, South Ossetia and Abkhazia.

Turkish banks before started Accept Mir cards issued by sub-sanctioned banks. In particular, banks now accept Sberbank and VTB cards. Turkish banks that decide to accept cards from sub-sanctioned banks face the risk of exposure to secondary sanctions from outside.



Source: Gazeta

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