President Nicolas Maduro backed this integration, stating that this move is part of a de-dollarization push. More than 40,000 payment terminals are being adapted to accept Mir-compliant cards.

Venezuela Integrates Russia's Mir Payments System

The government of Venezuela recently announced that it is integrating Mir, a Russian payments system, into its point-of-sale network, as part of a national de-dollarization push previously announced by President Nicolas Maduro.

Calixto Ortega, president of the Central Bank of Venezuela, stated that the bank had finalized the necessary steps to "be connected to the interbank messaging of the Central Bank of Russia in order to be able to communicate with Venezuelan banks and Russian banks through this system."