Another bank in Kyrgyzstan stopped servicing Mir cards

The Kyrgyz Bank of Asia, following Companion, Bakai Bank and Doskredobank, stopped servicing cards of the Russian payment system Mir. This was reported by Interfax with reference to the press service of the bank.

“We inform you that since October 19, 2022, the service of Mir cards in ATMs and POS terminals of the bank has been suspended. We apologize for any inconvenience caused and thank you for your understanding.”

Demirbank, Kyrgyzkommertsbank and Kyrgyzstanbank also stopped accepting cards of the Russian system, customers complain. These banks promise to comment on the situation later. In total, there are 23 commercial banks in the country, and they themselves decide whether to cooperate or not with a particular payment system, the National Bank of the Republic claims.

National Payment Card System (NSPK) was created by the Russian authorities in 2014, the first Mir cards were released in December 2015. The banking system of Kyrgyzstan has been working with them since 2019.

On September 15, the US Treasury OFAC warned that non-US banks entering into agreements with the NSPK would be considered participants in actions to circumvent US sanctions by expanding the territory of use of the Mir system outside of Russia.

At the end of September, they stopped accepting in the People’s Bank of Kazakhstan (Halyk Bank), in the Vietnamese BIDV and in a number of banks in Armenia. On September 19, two private Turkish banks (Iş bankası and Denizbank) announced their refusal to serve Russian cards, and a week later, state-owned ones (Ziraat Bank, Halkbank and Vakıfbank).

With reference to “technical problems”, on September 23, Mir stopped serving the Uzbek processing center Uzcard, and the next day, Dushanbe City Bank, one of the largest in Tajikistan.

Of the 11 countries and territories that hosted Mir in the summer, only three continue to work with Russian cards without any restrictions: Belarus, South Ossetia and Abkhazia.



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