By October 2021, 108.6 million Mir cards have been issued in Russia, according to the materials of the Central Bank. According to the regulator, according to the results of nine months, the national payment system for the first time occupied more than a quarter of the payments market – it accounted for 25.2% of non-cash transactions to pay for goods and services. At the same time, the issue of Mir cards already occupies a third of the market (32.3%).
Russia is among the leaders in the share of non-cash payments in retail turnover, for seven years it has increased more than 2.5 times, the Bank of Russia told Izvestia. The Central Bank is confident that the potential has not yet been exhausted. According to the strategy for the development of the national payment system, by the end of 2021, the share of non-cash payments is expected to be about 72%.
The Mir payment system called the market share of 25% “significant”. Each next percentage will require even more serious work, the financial company noted, stressing that by the end of 2023 it is planned to achieve the indicator of 27-30% in terms of payments outlined by the Bank of Russia strategy.
National cards are issued to public sector employees, civil servants, pensioners, students and recipients of state benefits. According to the Central Bank, more than 100 million of them have been issued. Mir is accepted throughout Russia and in a number of countries, including Turkey, Vietnam, and Armenia.
Read more in the exclusive material from Izvestia:
“Mir” plastic: the share of payments on national cards for the first time exceeded 25%
#share #payments #national #cards #time #exceeded