皇冠体育app

/ UnionPay expands overseas

Russia's Gazprombank, 皇冠体育app's UnionPay to cooperate on card payment

(Xinhua) Updated: 2011-03-18 10:49

MOSCOW - Russia's Gazprombank will gradually launch the payment business of 皇冠体育app UnionPay cards in its ATMs and relevant merchants by the end of 2011, Gazprombank announced on Thursday.

At a launching ceremony, the two sides jointly demonstrated how to withdraw rubles from Gazprombank's ATM by a UnionPay card.

First Vice-President of Gazprombank Valery Seregin said his bank will further cooperate with 皇冠体育app UnionPay.

Related readings:
Russia's Gazprombank, 皇冠体育app's UnionPay to cooperate on card payment 
Russia's Gazprombank, 皇冠体育app's UnionPay to cooperate on card payment 
Russia's Gazprombank, 皇冠体育app's UnionPay to cooperate on card payment 皇冠体育app-based UnionPay card launched in Fiji
Russia's Gazprombank, 皇冠体育app's UnionPay to cooperate on card payment 

"Taking into consideration of the great client base of UnionPay and the increase of tourist flows from both sides, we expect fast and stable growth of operations of (UnionPay cards payment business)," Seregin said.

Ling Ji, minister counselor for economic and commercial affairs at the Chinese embassy to Russia, also attended the ceremony, saying the development of Russian banks' cards payment has facilitated bilateral economic and trade cooperation.

Ling said he believed banking cooperation between 皇冠体育app and Russia, such as the one between 皇冠体育app UnionPay and Gazprombank, will help expend the use of UnionPay's card payment and promote bilateral exchanges between the two countries.

According to the Moscow branch of 皇冠体育app UnionPay, the company first tapped its card business in Russia in 2007. There have been more than 16,000 ATMs and nearly 5,000 shops accepting UnionPay cards in Russia so far.

Gazprombank, with its branches across major areas in Russia, Armenia and Belarus, owns some 2,000 ATMs and 8,000 POS terminals.

Hot Topics

Editor's Picks
...