Mir payment cards, launched after the creation of the National System of Payment Cards in Russia, had to compete with the cards of the international payment systems VISA and MasterCard, which by that time had completely captured the Russian market. The Russian legislature, executive government and the Bank of Russia took a number of protectionist measures of a legal and organizational nature that provided the initial impetus for the diffusion of Mir cards among Russian citizens. In this article, we assess the value of this state support by viewing the payment card system as a two-sided platform and describing its development with equations of population dynamics. Our estimates obtained by simulation modeling show that at the time of decision-making, the value of state support for payment cards Mir amounted to about 3.5 billion rubles.
Translated title of the contributionЦенность государственной поддержки российской системы платежных карт МИР
Original languageEnglish
Title of host publicationGSOM EMERGING MARKETS CONFERENCE 2022 CONFERENCE BOOK.
PublisherИздательство Санкт-Петербургского университета
Pages294-300
StatePublished - 8 Oct 2022
EventGSOM Emerging Markets Conference - 2022 - ВШМ СПбГУ, Санкт-Петербург, Russian Federation
Duration: 5 Oct 20228 Oct 2022
https://gsom.spbu.ru/images/cms/data/21_04_2012_vesennij_den_karery1/gsom_emc_2022_call_for_papers.pdf

Conference

ConferenceGSOM Emerging Markets Conference - 2022
Country/TerritoryRussian Federation
CityСанкт-Петербург
Period5/10/228/10/22
Internet address

ID: 105274761