The Bank of Russia has announced plans to conduct a formal appraisal of the market value of the National System of Payment Cards (NSPC) by the end of 2026.
Department director Alla Bakina revealed the timeline to reporters in St. Petersburg, noting that the central bank sees a sufficiently high level of interest based on recent consultations.
The valuation exercise coincides with a pivotal moment for Russian monetary policy.
The central bank is currently preparing to evaluate a potential cut to its key interest rate at its upcoming policy meeting on July 24.
This marks a potential shift toward a more accommodative stance as inflationary pressures show signs of easing, according to recent Handelsavisen coverage.
The NSPC, which operates the Mir card system, remains a critical component of Russia’s financial infrastructure following the exclusion of major international card networks from the domestic market.