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Russian Banks Look to China’s UnionPay after Visa, Mastercard Freezout

The American payments heavyweights Visa and Mastercard, as well as the card issuer American Express, have suspended their operations in Russia – joining an increasingly lengthy list of firms severing their trade links wi...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Russian Banks Look to China’s UnionPay after Visa, Mastercard Freezout
 
The American payments heavyweights Visa and Mastercard, as well as the card issuer American Express, have suspended their operations in Russia – joining an increasingly lengthy list of firms severing their trade links with the country. But Russian banks have indicated that they may look to domestic and Chinese alternatives to Western platforms....
Read More: Russian Banks Look to China’s UnionPay after Visa, Mastercard Freezout

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