Latest Breaking News On - Union pay system - Page 1 : vimarsana.com

earlier about american express, visa, mastercard or suspending the operations in russia. some local banks are considering a shift to china's union pay system. nick marsh in singapore is following that story for us. bring us up to date, this is quite a shift?— bring us up to date, this is quite a shift? we know that from thursday _ quite a shift? we know that from thursday any - quite a shift? we know that from thursday any visa - quite a shift? we know that from thursday any visa or. from thursday any visa or mastercard cards issued and russia stop working abroad, same goes forforeign russia stop working abroad, same goes for foreign cards, they will stop working in russia so it will cause some complications to put it mildly. the central russian bank has proposed a solution, we will see how temporary it is and how long it will last for but that is to out issuing cards through union pay. they are also going to use mir, a russian transaction system but union pay as interesting because it is a huge player in china, it is a huge player in china, it is approved at the central bank of china and if you look at and pure numbers, it is the world