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Most vendors may be required to accept MIR banking card

Most vendors may be required to accept MIR banking card

Today, MIR banking cards must be accepted for payment by companies whose revenue for the previous year exceeds 40 million rubles. The government proposes to reduce this threshold to 20 million rubles by January 1, 2021. The draft amendment has already been submitted to the State Duma. 

In addition, it is proposed that from December 31, 2019, the obligation to accept MIR banking cards is extended to online retail aggregators, such as Yandex Market. The thresholds for annual revenue for these will be the same as for regular sellers.