Belarusbank, China Union Pay may issue Chinese bank cards in Belarus

15.05.2019 10:12 / Belarus / China

MINSK - Belarusbank and China Union Pay are looking into the possibility of issuing cards of the Chinese payment system in Belarus, Deputy Chairperson of the Belarusian bank Svetlana Kozhekina said during Financial Institutions Day conference that was held by the bank on May 14.

“Today we are discussing the issuance of China Union Pay cards, and we will explore the possibility of doing a co-badging project with the participation of Belkart and China Union Pay. We will look into the possibility of an inter-system integration of two payment systems”, Kozhekina said.

Belarusbank was founded in July 1991 and merged with Belarus’ Sberbank in October 1995. The state holds a 99.95% share in the bank’s statutory capital.

UnionPay International (UPI) is a subsidiary of China UnionPay, focused on the growth and support of UnionPay’s global business. In partnership with more than 1,500 institutions worldwide, UnionPay International has enabled card acceptance in 162 countries and regions with issuance in 42 countries and regions.

More about cooperation between Belarus and China see in the country guidebook or at the website of the Belarusian-Chinese Intergovernmental Committee on Cooperation.

Source: PrimePress
Back

Read also

17.05.2019 12:07
In April 2019, inflation continued to slow down in year-on-year terms: consumer inflation slowed down by 0.3 percentage points year on year in Apr 2019 to 5.5%. The regulator says consumer prices grew...
17.05.2019 09:40
A high signal rate with a low lag is essential for operating driverless vehicles. So far beCould specialists have managed to reduce the lag time to 10-11 milliseconds, which is shorter than the lag ti...
17.05.2019 09:11
It has been TechnoNICOL’s third Belarus-based production company. The designed capacity of the new plant is 360,000 square metres per year, while the capacity of Belarus’ market is around 230,000 squa...