The Mir system will launch transfers using corporate cards from April 25
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The Mir payment system obliged banks to launch transfers between corporate cards and accounts (b2b transfers), reports RBC. Credit institutions will be able to make transfers from April 25, when the Mir technical bulletin comes into force. However, the timing of the introduction of a new type of transfer in each bank may vary.
b2b transfers are a method of mutual settlements for corporate clients of Russian participants in the Mir system, which provide payment data typical for settlements by payment orders. The funds will become available to recipients instantly, according to the Mir newsletter, which RBC has read. The possibility of such operations for companies disappeared after Visa and Mastercard left Russia. They currently send money using the old payment order scheme.
New types of transfers will become available to legal entities and individual entrepreneurs who are holders of Mir corporate cards, 24/7 through remote banking channels, said a representative of the National Payment Card System (NSPK, Mir operator). To transfer funds, you must specify the purpose of the payment, information about VAT, TIN of the sender and recipient, as well as information about his residence.
Prior to the imposition of sanctions against Russia, the business card transfer service operated on the basis of international payment systems. Against the backdrop of restrictions, companies began to make transfers with payment orders, for which it was necessary to enter all the details. In case of incorrect or incomplete indication of data, the financial institution had the right to refuse the operation. The term for crediting funds took from one to three days.
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