UnionPay International (UPI) has announced the beginning of co-operation with Credit Europe Bank. This step will allow UnionPay to continue the expansion of its acceptance network, which already covers over 95% merchant terminals and ATMs, in the Russian Federation.
This partnership between UPI, one of the world’s largest bankcard schemes and Credit Europe Bank, a new credit organisation with more 6 million clients, will start from the acceptance of UnionPay cards. Through this co-operation, customers are now able to use UnionPay cards issued in Russia or abroad at an increasing number of ATMs and merchants.
This will be the first stage of this partnership. In the future, the two will also promote the service and increase the number of benefits available to more and more cardholders of UnionPay cards.
“We are committed to providing safe and smooth payment service to our cardholders in and visiting Russia. We are very glad to reach a new partnership with Credit Europe Bank and I am confident that the bank’s extensive network in the Russian regions, along with the advantages of safe and fast UnionPay transactions, will bring our clients better payment experience,” said Xia Yu, Head of UnionPay International, Russia Branch.
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