Sunday, March 6, 2022

Russia switches to China’s card system after Visa, Mastercard suspends operations

"After Visa and Mastercard announced that their operations in Russia would be suspended,
many Russian banks announced on Sunday that they would soon begin issuing cards using the Chinese UnionPay card operator’s system combined with Russia’s own Mir network. Sberbank, Russia’s largest bank, as well as Alfa Bank and Tinkoff, all announced the transfer to UnionPay on Sunday." PopulistPress

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