VTB opened a pathway for small and medium-sized businesses to tokenize their Mir business cards within a mobile banking environment. Entrepreneurs can add these tokens to Mir Pay with a single tap through the VTB Business Lite app, enabling contactless purchases across a wide network of merchants. The bank’s press service disclosed this enhancement as part of its ongoing digital banking initiatives.
Setting up payment via Mir Pay is straightforward. A user opens the VTB Business Lite application, selects either a digital or physical business card, and clicks the Add to Mir Pay option. The tokenization process happens on the device, allowing the card to be used without exposing sensitive data. This streamlined setup reduces friction for business owners who want rapid, secure access to digital payments.
VTB noted that the tight integration between the mobile bank and the payment app eliminates the need to switch between apps. By consolidating card and payment services on one screen, the process becomes faster and simpler for everyday business transactions. The service is currently compatible with Android devices, extending the reach of Mir Pay to a broad audience of business users.
With the e-wallet card, merchants can complete contactless transactions using a mobile device at any terminal that accepts Mir contactless cards. Online purchases are also supported through stores that offer the Mir Pay button, ensuring versatile payment options. All card and account data, along with transaction details during tokenization and subsequent payments, are safeguarded to preserve privacy and security across all channels.
Industry feedback from Yulia Kopytova, Senior Vice President of Analysis, Coordination and Head of Product Development at VTB, highlighted the usage patterns for Mir business cards. The company’s statistics show that nearly a third of Mir business card transactions involve everyday goods and services, while more than 60 percent of purchases occur in offline settings. This distribution underscores the continuing importance of in-person payments for business operations while validating the effectiveness of digital wallets in reducing cash handling and speeding up checkouts.
Kopytova emphasized that the volume and variety of tokenized Mir Pay cards are steadily growing. This trend supports VTB’s strategy to make business card usage fully digital and convenient, aligning with the broader shift toward paperless financial management for enterprises. The remark underscores a commitment to expanding the ecosystem so that more employees and teams can leverage instant payments without unnecessary delays.
The executive also noted that customers now have the option to issue a card in a minute and link purchases to Mir Pay with a single click, enabling contactless payments across both physical and digital shopping channels. This convenience is part of a broader push to accelerate onboarding and payment readiness for small businesses, allowing owners to focus more on core activities and less on administrative steps. The message reinforces the practical benefits of a unified digital wallet for daily business expenditures.
VTB has announced that digital business cards can be issued through the Internet Bank. If needed, the bank can also issue a physical plastic card that mirrors the same card details, ensuring continuity for businesses that rely on traditional payment forms while encouraging a transition to digital tools. The option to maintain compatibility with existing physical cards provides a smooth pathway for firms navigating mixed payment environments.
Controls for business spending remain robust. Administrators can set usage limits for employees using business cards, and they can monitor organizational expenses via SMS notifications or through the Internet Bank interface. Additionally, funds can be deposited into a current account at any convenient VTB ATM, ensuring liquidity and flexibility for business operations. This combination of digital capabilities and tangible banking services reflects a pragmatic approach to enterprise finance that supports growth and operational efficiency without compromising security or oversight.