According to Assel Marchenko, deputy head of the National Payment Corporation of Kazakhstan (NPCK), the agency isn’t going to develop any payment system similar to the Russian Mir.
«We have no plans related to the creation of any alternatives to Mir. We haven’t even thought about this,» Marchenko said in an interview with Kursiv.
In order to reduce the risk of secondary sanctions, the National Bank of Kazakhstan and the NPCK use the switching of card transactions. This project has been implemented to mitigate the risks for cardholders in Kazakhstan in conjunction with Mastercard, Visa...