Russia and Iran finalised the merger of the Mir and Shetab payment systems

The project of integration of Iranian and Russian payment systems Shetab and Mir has reached the practical level. This was announced by the head of the Iranian Central Bank Mohammad Farzin, IRNA quoted him as saying.


“During the meeting, the parties finalised the requirements for connecting the Russian Mir payment system to Iran’s Shetab and the project has entered the operational phase,” Mohammad Farzin said on his return from St Petersburg, where he held talks with Central Bank Governor Elvira Nabiullina.

In the first phase, starting on 22 August, “Iranian Shetab bank cards can be used as Amber smart cards in all Russian ATMs and Iranian citizens will be able to withdraw rubles from Russian ATMs using their cards,” he said.

The second phase of integration implies the possibility of paying with Russian cards in the Islamic republic, Farzin noted. He pointed out that already in the third phase Iranians will be able to pay for goods in Russian shops with Shetab card through an ordinary bank terminal.

Earlier, American journalist Tucker Carlson said that US sanctions against Russia contradict the notion of a “rules-based world order”.