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All news / Russia and India may recognize each other's payment systems

  • 24 Aug 2022, 10:00

Russia and India can recognize each other's payment systems. Specifically, the Mir system and RuPay, Deccan Herald reports. According to the data, countries are already discussing the creation of a Single Payment Interface, which will not be affected by Western sanctions against Russia.

According to the newspaper's interlocutors, the issue of mutual recognition of the systems was discussed during recent bilateral meetings, including during a visit to Moscow on August 17-18 by India's national security adviser Ajit Doval.

Russia and India are discussing the expansion of the use of national currencies in bilateral trade. The possibility of creating an international reserve currency based on the currencies of the five BRICS countries (in addition to the Russian Federation and India includes Brazil, China and South Africa) is also being considered.

Mir cards have already begun to be accepted in Turkey, as well as in South Korea, Armenia, Belarus, Vietnam, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Venezuela. Russia is also negotiating Mir with Sri Lanka, China, Egypt, Myanmar, Thailand, Bahrain, Iran, Azerbaijan and Cuba.

 

Source: logirus.ru