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    AAPL   US0378331005

APPLE INC.

(AAPL)
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Russia's Mir card payment system connects to Apple Pay

07/20/2021 | 11:55am EDT
St. Petersburg International Economic Forum (SPIEF)

MOSCOW (Reuters) - Russia's card payment system Mir, which was set up in 2015 after the West imposed sanctions on Moscow, is now connected to Apple Pay, the card issuer said on Tuesday.

More than 95 million Mir cards have been issued by Russia's National Card Payment System (NSPK), accounting for about a third of Russia's card market which was previously dominated by international payment systems Visa and Mastercard.

Mir has been part of Moscow's efforts to develop homegrown financial tools to mirror Western ones, which still operate in Russia, to protect the country in case sanctions are broadened.

Apple Pay began operating in Russia in 2016 and now has more than 20 million users. The service is available to customers at eight banks, including major Russian lenders such as Sberbank, VTB and Tinkoff.

"A number of other banks are preparing to connect," NSPK said in a statement to Reuters.

Apple did not immediately respond to an emailed request for comment.

(Reporting by Tatiana Voronova; Writing by Alexander Marrow; Editing by Katya Golubkova and Edmund Blair)


ę Reuters 2021
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US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.38% 72.97881 Delayed Quote.-1.33%
VTB BANK (PUBLIC JOINT-STOCK COMPANY) -2.09% 0.0501 End-of-day quote.32.97%
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Financials (USD)
Sales 2021 366 B - -
Net income 2021 93 853 M - -
Net cash 2021 78 438 M - -
P/E ratio 2021 25,6x
Yield 2021 0,60%
Capitalization 2 363 B 2 363 B -
EV / Sales 2021 6,24x
EV / Sales 2022 6,03x
Nbr of Employees 147 000
Free-Float 99,0%
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Technical analysis trends APPLE INC.
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Mean consensus BUY
Number of Analysts 44
Last Close Price 142,94 $
Average target price 165,36 $
Spread / Average Target 15,7%
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Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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