Cardpay becomes the first direct member of Russian payment system ‘Mir’

By Megha Bhattacharya

Global payments acquirer Cardpay announced that it has become the first direct member of Russia’s payment system ‘Mir’ in Asia, Latin America, Europe and Northern America. The company stated that on 24th of September, the first pilot transactions with ‘Mir’ cards were conducted with the usage of the Mir Accept 2.0 security protocol. Cardpay expects to roll out ‘Mir’ card acceptance in e-commerce on all 4 continents by 2020 end.

“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,” commented Cardpay’s head of e-commerce & card operations Vitalii Merkulov.

The partnership is expected to boost the acceptance of ‘Mir’ cards in e-commerce Cardpay clients worldwide. It will also offer Mir cardholders with an opportunity to shop with online international merchants.

‘Mir’ is the national payment system of the Russian Federation with 275 participating banks and 154 issuer banks. “Mir” cards are accepted in 8 counties (excluding Russia) – in Turkey, Armenia, Kyrgyz Republic, Belarus, Uzbekistan, Vietnam, etc.

Cardpay’s service allows businesses to accept payments from all over the world, giving customers the ability to accept payments from over 500 different payment methods.