UnionPay clinches Gazprombank business

UnionPay: Russian’s third-largest lender Gazprombank this week began issuing bank cards using the Chinese payment system UnionPay, the bank has announced. The move is the latest sign of the Russian banking systems determination to decrease its reliance on the American MasterCard and Visa payment systems, although Gazprombank’s customers can still opt to use the two US alternatives. The Moscow Times