Mail Bank will issue

Mail Bank will issue “Mir” cards with Russian contactless chip


Catherine Alexandrova

Post Bank (owned by VTB and Post of Russia) has issued cards of PS “Mir” with a chip for contactless payment of Russian production Micron. The pilot party has already arrived at the bank’s service points
some regions.

The issue of pilot cards “Mir” with dual chip Micron was the result of a strategic agreement signed in 2017 between Post Bank and NSPC “Mir” on the issue of payment cards with a microchip
Russian production to support domestic microelectronics and import substitution. For Post Bank, the Mir payment system is a strategic partner. Currently based on PS
About 9 million cards were issued in the bank (about 80% of the total number of cards issued by Mail Bank), with more than 40% of them with a Micron chip.

On the basis of PS “Mir” cards to the savings account in the bank, as well as cards “Five” are issued. This year, as a result of pilot testing, Mail Bank will launch a mass release
contactless cards “Peace”. In terms of content and functionality, they will be no different from cards with a chip module of foreign production.

The NIMIM development chip Micron supports the ability to work cards on the contact and contactless interface. It is certified by the system “Peace” for use in national
payment cards and meets international standards. It has been specially developed by PS “Mir” and has its own operating system.

finance, import substitution, non-cash payments in Russia

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