Russia’s National System of Payment Cards (NSPC) has struck an agreement with the international payment system American Express on issuing co-badged card Mir, NSPC said in a press release on Monday.
"NSPC and American Express have agreed to cooperate on issuing co-badged cards Mir-AMEX," the report said.
According to the agreement, co-badged cards Mir-AMEX will be accepted as cards of the Mir payment system on the territory of Russia, and as AMEX cards within the American Express infrastructure.
As was reported earlier NSPC signed an agreement on Mir co-badged card with two major international payment systems - MasterCard and Japan Credit Bureau (JCB).
The issuance of the national card will be an important stage of the development of Russia’s National System of Payment Cards, which is 100% owned by the Central Bank. The pilot issuance is scheduled for December this year, with at least 20 Russian banks having expressed their readiness to issue it.
The national card logotype and name were selected in late May in a nation-wide contest with the help of popular vote. The card name Mir won the contest and now professional designers are working on the card’s design.
First published by TASS.
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