May 18, 2024

AndronETalksNews

AndronETalksNews

Russian banks switch to Chinese UnionPay

RT

March 6, 2022

On Sunday, several Russian banks announced plans to start issuing cards using the Chinese UnionPay card operator system.

The step, which came shortly after Mastercard and Visa pledged to cease operations in Russia and disconnect all the country’s banks from their payment systems, will enable the holders of new cards to use them for paying and withdrawing cash abroad.

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