Russian Banks are Increasingly Turning to Chinese Payment Systems After Visa & and Mastercard Broke Ties With Russia

March 13, 2022   |   Tags: , ,

Reading Time: 2 minutes According to a report by Bloomberg, Sberbank PJSC said it’s weighing the option of issuing cards using Russian payments system Mir and China’s UnionPay following Visa Inc.’s and Mastercard Inc.’s decision to close operations in Russia. The credit card companies pursued such actions after Russia invaded Ukraine. This move could give […]