The Central Bank of Armenia decided to ban local banks from servicing the Russian Mir payment card as of March 29 due to the threat of falling into American sanctions. writes about this TASS with source reference.
“The Armenian processing center processes ArCa, Mir, Visa and Mastercard payments simultaneously. Visa and Mastercard refuse to work with a company that simultaneously services sanctioned Mir,” the source said.
It was noted that the Central Bank of Armenia presented this process as a decision of private banks in order “not to offend the Russian side”.
Before this, in the National Payment Card System commented Restriction of the operation of “World” cards in Armenia. NSPK reported that the Mir payment system does not limit work with Armenian banks.
NSPK is owned by the Bank of Russia. The company, which carries out debit card transactions in Russia, is also the operator of the Mir payment system, which is the operational and payment clearing center of the Fast Payment System (SBP).
Formerly a major Kazakh bank will stop Transactions using Mir cards.