China Financial services UnionPay Russia

Russia-China alliance: Russian banks to team up with China’s UnionPay after Mastercard and Visa cut service

Several Russian banks, facing a suspension of payment services from Visa and Mastercard, will join up with the rival Chinese system, UnionPay, the country’s central bank revealed on Sunday. With services provided by the U.S. multinationals ceasing across Russia on March 9, the country’s banks will begin issuing cards using UnionPay’s card operator system, which […]