Russia’s MIR payment cards will be accepted for use in Vietnam following the signing of a cooperation deal by two national payment service providers in the two countries.
The National Payment Corporation of Vietnam (NAPAS) and Russia’s National Payment Card System Joint Stock Company (NSPK), the operator of MIR National Payment System, have announced their MIR-NAPAS cooperation, as part of the 22nd session of the Vietnam-Russia Intergovernmental Committee on economic/trade and scientific/technological cooperation in Hanoi.
Under the deal, signed in Hanoi on October 29, Russian MIR cards will be accepted in Vietnam. MIR cardholders will be able to use their cards to pay for goods and services at point-of-sale (POS) terminals operated by the Bank for Investment and Development of Vietnam, also known as BIDV, and to withdraw cash from the ATMs of Vietnam-Russia Joint Venture Bank in the country.
The signing ceremony was attended by Vietnamese deputy prime minister Trinh Dinh Dung and his Russian counterpart Maxim Akimov, deputy governors of the countries’ central banks and other delegates.
NSPK was founded and operated by the Central Bank of the Russian Federation, which has 307 subsidiaries. Its payment network includes 130,000 ATMs and 2.6 million POS outlets. To date, banks in Russia have issued over 67 million MIR cards.
Meanwhile, NAPAS currently manages and operates a switching system interconnected with more than 18,800 ATMs and over 260,000 POS machines, serving over 100 million cardholders of 50 domestic and international commercial banks operating in Vietnam.
https://english.thesaigontimes.vn/72409/russian-payment-cards-to-be-accepted-in-vietnam.html
