UnionPay did not support all sanctions against Russia: in what cases does it work

Chairman of the Board of the non-profit partnership “National Payment Council” Alma Obaeva explained,

What can Russians expect from new restrictions suddenly introduced by the Chinese payment system UnionPay? Discuss

According to Obayeva, despite the fact that the cards of thissystems issued by foreign banks will not work in Russian banks and terminals, all the same, UnionPay is a good alternative to the departed Visa and MasterCard. Still, it's a good payment instrument.

“The devil is in the details here.For example, if an American bank issued a UnionPay card and an American comes to Russia with it and tries to pay for the purchase through the Sberbank terminal, then nothing will come of it. UnionPay cards issued by Russian banks are processed by our National Payment System, so they will continue to work. We even accept Visa and Mastercard, which have left Russia altogether, so there should be no problem with UnionPay,” said Alma Obayeva.