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Russian tourists now have an alternative to Visa and Mastercard

Posted : 20 June 2022 12:11:04 | By TWO Bureau | GNN Bureau

Russian tourists now have an alternative to Visa and Mastercard

Visa, Mastercard, and American Express are out for Russian tourists due to the sanctions imposed by many countries in response to the Russian invasion of Ukraine.

The next best solution for Russian travellers is 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 May 1, 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 Mastercards will still work until their expiration date. After that, cardholders in Russia will get a Mir replacement card.

Thailand is currently in talks with Russia to set up Mir as a payment system for Russian tourists to the kingdom. Bahrain intends to introduce the payment system in the near future for the convenience of tourists. Egypt is also working on the launch of the Mir card acceptance project.

Russian tourists can still travel to many countries around the world like Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, Turkey, Uzbekistan, and Vietnam.

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Tags : #russia, #visa, #mastercard, #russian_traveller, #digitalpayment

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