UnionPay International announced today that it has deepened cooperation with Russia's second largest bank, VTB24 Bank. Based on the UnionPay card available for all ATMs in the bank, 120,000 POS terminals will be accepted for UnionPay cards this year, and most merchants support the cloud. Flash payment." So far, the four major banks in Russia have fully opened the UnionPay card acceptance business. It is expected that by the end of this year, the acceptance coverage of UnionPay cards in the local area will increase to over 80%.
VTB24 Bank's merchants are mainly located in Moscow, St. Petersburg, Siberia and other areas, covering passenger railways, aviation, supermarkets, restaurants, tourist attractions and other fields, including the largest Russian supermarket chain Magnit, high-end restaurants Ginza Project, Coffeemania and so on. The cooperation will not only facilitate the convenience of visiting the food, clothing, housing and transportation of tourists, but also help more local residents to handle and use UnionPay cards.
Russia is the largest market along the “Belt and Roadâ€, and the UnionPay card acceptance network has covered online and offline. There are more than 500,000 POS terminals and 90,000 ATMs available for UnionPay cards in the local area. Some stores have opened the “Cloud Flash Pay†service, which allows UnionPay cardholders to conveniently “swipe†mobile payment. The official website of airlines such as Russian Airlines and Siberia Airlines also supports UnionPay card payments.
At the same time, more and more Russian consumers are also using UnionPay cards. Nine local banks have issued more than 900,000 UnionPay cards, which are frequently used in nearly 60 countries and regions. At the beginning of last month, the cooperation between China UnionPay International and the Russian National Payment Card Corporation (NSPK) also made substantial progress. The Agricultural Bank of Russia (3.61 -1.10%, diagnostic stocks) issued the first UnionPay-MIR debit card to use the MIR card. The scope extends from Russia to more than 160 countries and regions covered by the UnionPay network, greatly improving the convenience of cross-border cards for Russian residents.
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