Russian banks switch to Chinese UnionPay

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: Created: 07 March 2022; Hits: 2105

(RT): On Sunday 06 March 2022, 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.