Russian banks have announced the terms of connection of Mir cards to Google Pay

by time news

Banks will start connecting cards of the Russian payment system Mir to the Google Pay service from October 26th. Izvestia writes about this with reference to the technological bulletin of the payment system.

VTB, Promsvyazbank, Moscow Credit Bank (MCB), Dom.RF, Renaissance Credit, Home Credit and Post Bank announced their intention to implement functionality for Mir cardholders. According to Rossiyskaya Gazeta, Russian Standard will also join the pilot group.

It is noted that there is no final deadline on which clients will have access to the technology. They will be individual for each credit institution. VTB said that in the fall, banks will have the opportunity to just start work on integrating the service on their side. Renaissance Credit clarified that they plan to start providing the service in 2022, and MKB – that the bank’s clients will be able to add their Mir cards to Google Pay by the end of 2021.

From the end of April 2021, Russian banks can connect Mir cards to the Apple Pay contactless payment service. In July, the service was connected to eight banks: Sberbank, VTB, Rosselkhozbank, Promsvyazbank, Post Bank, Center-Invest, Tinkoff Bank and Primsotsbank. On October 12, the functionality became available to customers of a number of other credit institutions, including Gazprombank, MKB, Otkritie, Sovcombank, RRDB, Transcapitalbank, SKB-Bank, Aleksandrovsky Bank, Expobank, Tavrichesky Bank. Also, contactless payment with national cards on smartphones is possible through the services Samsung Pay and Mir.Pay.

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Earlier in October, the Ministry of Economic Development published a bill according to which the MFC will be obliged to accept Mir cards from next year and provide citizens with the opportunity to conduct monetary transactions through the National Payment Card System.

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