Public banks exited the Russian payment system Mir

It has been announced that state banks have stopped the use of Russia's local payment system Mir application.

Following the US Treasury's Foreign Assets Control Department's warning of sanctions against financial institutions using the Mir payment system, Türkiye İş Bankası and Denizbank exited the system.

After two private banks, three public banks announced their exit from Mir.

With the final decision, there are no Turkish banks that use the Russian Mir system.

The Mir payment system was established by the Central Bank of Russia in May 2017 as a national payment system.