St. Petersburg, June 14 Myanmar will begin accepting cards from the Russian payment system Mir by December 2023, said Tan Tan Swe, head of the country's Central Bank.
«»We have already discussed the partnership between the Central Bank of Russia and the Central Bank of Myanmar and signed a memorandum of understanding. According to this (document), our countries should integrate their payment systems. Our central bank and the Myanmar Payments Union have already signed an agreement on partnership in the field of payment systems with Russia. Now we just need to discuss the technical part and mutual certification for connecting systems to each other, especially for cross-border payments. After that, we can start using your Mir cards in Myanmar and our cards in Russia. The implementation of all this may take some time, but I expect that this will happen in December this year,» Tan Tan Swe said on the sidelines of the St. Petersburg International Economic Forum (SPIEF).
She added that she «hopes for an increase in tourist flows from both countries» after the final adoption of payment systems.
SPIEF takes place on June 14-17. It is the information partner and host photo agency of the forum.