Chinese financial service provider UnionPay is not taking over services of Mastercard and Visa in Russia, which have withdrawn from the country in response to the sanctions. As a result, Russian customers are currently unable to use credit cards. They have to continue to rely on the domestic debit card “Mir,” which only works within Russia.
Continue reading now
Get 30 days of free access to the Decision Brief to read these and more quality news every day.
Are you already a guest at the China.Table? Log in now