Mir Pay rollout accelerates online payments across Russian banks and merchants

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Starting March 1, 2023, banks in Russia began integrating the Mir Pay fast payment system into web services and Android apps, marking a notable step in how online purchases are completed. This transition was outlined by TASS as part of a broader plan to streamline digital payments across channels.

The National Payment Card System, known as NSPK, has stated to the media that several banks rolled out Mir Pay for online use as early as December 2022. This early adoption laid the groundwork for a broader rollup of partners and merchants, expanding the reach of one of the country’s prominent card payment ecosystems.

Major retailers and financial institutions have embraced the service. Big players such as VTB Bank, PSB, Yukassa and others already support online payments through Mir Pay. A growing portion of participants is gradually connecting with partner merchants to accept this payment method. This incremental expansion helps expedite checkout experiences for users while maintaining consistent security standards across platforms.

A technical bulletin detailing the steps for connecting Mir Pay with online stores has been issued to credit organizations, trade and service providers. The bulletin covers the procedural points necessary to enable Mir Pay on websites and within mobile applications, ensuring a smoother integration path for developers and merchants alike. This guidance is intended to reduce friction during setup and to standardize how Mir Pay is presented to customers across various online storefronts.

The latest Mir Pay release arrived in December 2022, introducing a one click quick payment feature. This enhancement enables shoppers to complete purchases on websites and Android apps without entering bank card details, simplifying the checkout flow and reducing input errors. The feature aligns with broader trends in digital wallets and fast pay options that prioritize speed and consumer convenience while upholding transaction security and compliance requirements.

Earlier reports by socialbites.ca noted that Mir Pay has attracted interest beyond Russia, with discussions about its potential use in other markets. While this article focuses on the domestic rollout and merchant adoption, it is worth watching how Mir Pay and similar schemes influence cross-border payments and consumer expectations as financial ecosystems evolve. Attribution for these observations is provided by the respective reporting outlets where noted (Source: TASS; Source: socialbites.ca).

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