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September 28, 2020

Cardpay joins Russian payment system “Mir” as first direct member

UK-based licensed e-commerce acquirer and payment service provider (PSP) Cardpay has become the first direct member of Russia’s payment system “Mir”.

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By joining Mir, Cardpay plans to launch Mir card acceptance in e-commerce across four continents – Asia, Latin America, Europe, and Northern America.

The move comes after the first pilot transactions with Mir cards were conducted leveraging the Mir Accept 2.0 security protocol, last week.

Launched in 2015, Mir is the national payment system of the Russian Federation with 275 participating banks and 154 issuer banks.

Mir cards are accepted all around Russia, plus eight foreign nations – Turkey, Armenia, Kyrgyz Republic, Belarus, Uzbekistan, and Vietnam, among others.

Cardpay, on the other hand, allows businesses to accept payments from any country around the world, from more than 500 different payment methods.

The company will enable Mir cards’ acceptance for its e-commerce clients and allow cardholders to shop from millions of online global merchants.

Cardpay head of e-commerce and card operations Vitalii Merkulov said: “This partnership will allow us to open new doors for our merchants and continue aiding them in their ambition to go global.

“We are on a mission to enable fast, convenient, and secure payments for businesses worldwide and partnering with Mir has taken us one step closer to our goal.”

Cardpay equips businesses with a set of payment tools, including a wide range of international and domestic solutions.

According to its website, it offers an agile payment solution that connects its customers with potential clients worldwide.

Cardpay provides secure electronic payments by leveraging modern technology and a data-driven strategy.

In November last year, Cardpay expanded into the Mexican e-commerce market.

Free Report
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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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