Sanctioned Russian banks will not be able to issue UnionPay cards
Miscellaneous / / April 23, 2022
Co-badged cards with "Mir" are also cancelled.
Large Russian banks that are under blocking sanctions will not be able to issue UnionPay cards. The payment system is afraid to cooperate with them because of the risk of secondary sanctions. About this with reference to their own sources in the banking sector writes RBC.
So far, Sberbank, VTB, Alfa-Bank, Otkritie and Promsvyazbank, Sovcombank and Novikombank are subject to the restriction.
In this regard, banks will not issue the previously promised co-badged cards of Mir and UnionPay payment systems. And Promsvyazbank, which issued UnionPay cards even before falling under the sanctions, stopped issuing them.
According to RBC sources in banks, some projects with the Chinese payment system are still on pause, but there is no official answer on the situation.
In early April, the web appeared messagesthat users of Russian UnionPay cards started having problems paying for goods in online stores.
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