Tuesday, June 21, 2022

Travel News: Both Bahrain and Egypt Plan To Accept Russia's 'MIR' Payment System

My dream of spreading the word on Sparkasse Chemnitz's Karl Marx-branded Mastercard, tagline: "A spectre is haunting Europe - the spectre of cash back and low, low interest rates," is fading with each country that adopts MIR.

From eTN (Global Travel News), June 18:

Russian Tourists now have an alternative to Visa and MasterCard

VISA, Master Card, and American Express are out for Russian tourists due to the sanction imposed by many countries in response see to the unprovoked Russian invasion of Ukraine.

The next best solution for Russian travelers is to get a MIR card.

Mir is a Russian payment system for electronic fund transfers established by the Central Bank of Russia under a law adopted on 1 May 2017. The system is operated by the Russian National Card Payment System, a wholly-owned subsidiary of the Central Bank of Russia. 

Russian Visa and Master Cards will still work until their expiration date. After that cardholders in Russia will see a MIR replacement card.

Bahrain intends to introduce the Russian payment system “Mir” in the near future for the convenience of tourists. This was announced by the Ambassador of the Kingdom to the Russian Federation Ahmed Abdulrahman Al Saaiti during a meeting with the head of Bashkiria Radiy Khabirov at the ongoing St. Petersburg International Economic Forum SPIEF-2022....

....MUCH MORE