UnionPay International is expanding the use of UnionPay cards in Russia on a large scale. It is expected that before the 2018 World Cup in Russia, the coverage rate of UnionPay cards for local ATMs and merchant POS terminals will exceed 90%. In the cities of Moscow, Kaliningrad, St. Petersburg, Volgograd, etc. . At present, the coverage rate of UnionPay cards in the Russian market exceeds 85%, of which 400,000 POS terminals support UnionPay flash payment.
Russia is the largest market along the “Belt and Roadâ€. The implementation of the initiative has further promoted economic and trade cooperation and personnel exchanges between China and Russia. The country has become a popular destination for Chinese tourists to travel abroad. The latest statistics released by Russia’s “World Without Borders†Tourism Association show that in 2017, about 900,000 “visa-free†tour groups visited Chinese tourists, an increase of 18% over the previous year; it is expected that there will be at least next summer. 100,000 Chinese tourists went to Russia to watch the game. According to the association's analysis, convenient payment services have become a necessary condition to guarantee the travel experience of Chinese tourists in Russia.
In line with this trend, UnionPay International has cooperated frequently with the Russian banking industry this year. In May, Russia’s largest bank, the Federal Savings Bank, launched the UnionPay card acceptance business and quickly expanded the UnionPay card usage network. In August, Russia’s second largest bank, VTB24 Bank, also opened all its merchants to use UnionPay cards, and opened its merchants to accept UnionPay. card. In 2017 alone, the number of merchants and ATMs accepting UnionPay cards in Russia has more than doubled, with a total of 630,000 merchants and 100,000 ATMs.
UnionPay flash payment has become a new highlight of UnionPay card service in Russia. Visitors to Russia can download the "Cloud Flash Pay" app, open the UnionPay mobile phone flash payment, and pay for mobile phone payment in local supermarket chains, electrical stores, and KFC, McDonald's and other chain restaurants to enjoy a safer and more convenient mobile payment experience.
Recently, nearly 10,000 stores in Russia's largest supermarket chain X5 Group, as well as Lenta Super Stores, have fully opened UnionPay cards, and accepting UnionPay flash payments. Consumers can pay for the use of UnionPay cards or UnionPay flash cards. UnionPay cards are available at petrol stations such as BP, Rosneft, and Gazpromneft throughout Russia. At the beginning of 2018, the Russian Railways will open all ticket counters and ticket vending machines to accept UnionPay cards.
As UnionPay cards become more and more useful in Russia, they also attract more local residents to handle and use UnionPay cards. At present, more than ten local banks such as the Natural Gas Industry Bank, the Russian Agricultural Bank, and the Coastal Social Bank have issued nearly 1.3 million UnionPay cards. In July of this year, UnionPay International and the Russian National Payment Card Company (NSPK) realized card issuance cooperation, so that the MIR card that was originally used only in Russia was expanded to more than 160 countries and regions covered by the UnionPay network. NSPK member bank Russian Agricultural Bank has issued the first UnionPay-MIR debit card.
Russian merchants also provide a wealth of exclusive offers for UnionPay cardholders. For example, you can enjoy up to 10% discount on the largest TSUM department store in Moscow with UnionPay card. Enjoy 10% discount and multiple VIP benefits at Radisson Hotel. Chain digital cinema KARO purchase tickets up to 400 rubles and so on.
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