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Russian banks rush to modify to Chinese language card system

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Russian banks rush to modify to Chinese language card system

UnionPay, a Chinese language bank card firm, shows on the exhibit corridor ground through the Cash 20/20 convention in Las Vegas, Nevada, U.S. on October 24, 2017. REUTERS/Steve Marcus

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March 6 (Reuters) – A number of Russian banks stated on Sunday they might quickly begin issuing playing cards utilizing the Chinese language UnionPay card operator’s system coupled with Russia’s personal Mir community, after Visa and MasterCard stated they had been suspending operations in Russia.

Bulletins concerning the swap to UnionPay got here on Sunday from Sberbank (SBER.MM), Russia’s greatest lender, in addition to Alfa Financial institution and Tinkoff.

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Reporting by Reuters; Enhancing by Elaine Hardcastle

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