#CARDWORKS SALARY SERIES#

By the end of 2016, 1.76 million Mir cards had been issued by 64 banks five years later, by the end of December 2021, over 113.6 million cards were in circulation. company to accept Mir for payment in the Russian Federation. Six months later, in July 2016, McDonald's became the first U.S. Sberbank, Russia's leading bank, started issuing them in October 2016. The first cards working on the Mir system were launched in December 2015. On the basis of the initial groundwork, Mir as a system was formalized in 2014 as a way to overcome potential blocks of electronic payments, after several Russian banks were denied services by US-based Visa and MasterCard because of the sanctions regime against them. The system was developed by Belgian digital payments company OpenWay, which created a subsidiary in Russia called OpenWay Solutions, to meet Russian government requirements. In April 2016, AliExpress became the first foreign company to accept Mir as a form of payment within the Russian Federation, and McDonald's was the first U.S. Mir cards were initially accepted mostly by Russia-based companies, such as Aeroflot and Russian Railways, but it gradually became popular among foreign companies with operations in Russia. While development was nearing completion, the Global Financial Crisis put further activity on indefinite hold.

#CARDWORKS SALARY SERIES#

Mir, as an idea, was born out of a series of joint initiatives between the Central Bank of Russia and the World Bank in the mid-2000s that aimed to create a framework of an autonomous payment processing system inside the Russian Federation.

Mir created its own digital wallet for contactless payments. The development and implementation of Mir was spurred by the imposition of international sanctions against Russia in 2014 to circumnavigate the reliance on the likes of Visa and Mastercard, which were blocked in Russia at the time. Mir does not itself issue cards, extend credit or set rates and fees for consumers rather, Mir provides financial institutions with Mir-branded payment products that they then use to offer credit, debit, or other programs to their customers. The system was developed by Belgian digital payments company OpenWay and is operated by the Russian National Card Payment System, a wholly owned subsidiary of the Central Bank of Russia. 'the world' or 'peace') is a Russian card payment system for electronic fund transfers established by the Central Bank of Russia under a law adopted on. may also be known as or be related to CardWorks, CardWorks Inc and CardWorks, Inc.PJSC NSPK (100% owned by the Central Bank of Russia) and its employees or that of Zippia.ĬardWorks, Inc. The data presented on this page does not represent the view of CardWorks, Inc.

None of the information on this page has been provided or approved by CardWorks, Inc. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The employee data is based on information from people who have self-reported their past or current employments at CardWorks, Inc. Zippia gives an in-depth look into the details of CardWorks, Inc., including salaries, political affiliations, employee data, and more, in order to inform job seekers about CardWorks, Inc.

Cardworks salary