Head of NSPK: “MIR Cards Issue Exceeded 43 Million”
Chief Executive Officer of NSPK (MIR Payment System operator) Vladimir Komlev took part in the panel discussion “Practical Issues of Competition Protection in the Russian Financial Services Market”.
The event was held in Sochi, September 5-7, 2018 under the Forum “Russian Banks – XXI Century”.
Opening the discussion, he emphasized that any new player in the payment market should increase competition, and an overriding priority for MIR was to become a full-fledged competitive commercial participant:
“Today, over 43 million MIR cards have been issued, their share in the total issue countrywide exceeds 17%. We expect that by year end it will reach 20%. In addition, in the past year and a half, the number of transactions per one active card has almost doubled – by 70% and currently, 8.3 transactions are performed per month; this figure is close to market indicators. It is extremely important for MIR to meet the market not by the number of cards issued and transaction activities, but by the number of active cards."
The card is widely used by Russians in everyday life, and the number of MIR interbank transactions in August accounted for more than 124.3 million of such transactions.
Speaking about MIR competitive advantages in the Russian payment environment, Vladimir Komlev stated that the key one was technologies fully meeting the needs of the contemporary payment market.
Chief Executive Officer of NSPK emphasized: “We are building service platforms to which all banks, both large and small, have equal access in our highly competitive market.”
Vladimir Komlev presented a new system “Dispute Plus”, which was designed to help MIR Payment System participating banks to simplify and accelerate resolution of disputable situations (disputes) as one of such services that would be useful and would open new opportunities for banks:
“Dispute Plus” has several significant differences from the “classic” dispute system. We have cut a dispute resolution period from almost six months to thirty days. Moreover, thirty days is the maximum period that we projected for all processes; in fact, everything goes ever faster. An average dispute resolution period is 3-4 days; the minimum record dispute resolution period was 18 minutes.”
NSPK also developed a decision-making service for secure e-commerce platform Mir Accept 2.0 intended primarily for MIR issuing banks. The use of the service would enable banks to obtain a more accurate result of the customer’s payment behavior not requiring from it a long-term and costly introduction of a new technology.
Vladimir Komlev spoke about the service development presented together with Tinkoff Bank and the First Operator of Fiscal Data (OFD) in the spring of this year. Currently, a number of banks have acceded thereto. The service enabled the bank customers to see sales receipts with detailed information on purchases in their personal accounts. The bank got a one more convenient tool to deal with customers: analyze Cardholders’ preferences, offer increased cashback not in a specific trading network, but for a particular group of goods, i.e. goods of one manufacturer or service provider.
Andrey Kashevarov, Deputy Head of the Federal Antimonopoly Service of Russia, Igor Galas, Deputy Governor of the Krasnodar Territory, Valery Lyakh, Director of the Department for Countering Misconduct of the Bank of Russia, Andrey Fomichev, Deputy Chairman of the Board of JSC “Center of Financial Technologies”, Stanislav Bliznyuk, Operations Director-Deputy Chairman of the Board of Tinkoff Bank, Eduard De Lenkesan, President of the European Institute of Financial Regulation, exchanged their opinions, and the discussion was moderated by Andrey Sharov, Vice-President of Sberbank of Russia.
It should be recalled that this year MIR Payment System acted as the national partner of the Forum “Russian Banks – XXI Century”.