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2 years ago

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Explainer: China UnionPay, Russia's potential payments backstop

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Explainer: China UnionPay, Russia's potential payments backstop

Several Russian banks plan to issue payment cards that use the network of China UnionPay as well as that of home-grown payment system Mir, after Visa Inc and MasterCard Inc joined other Western firms in suspending operations in Russia.

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Explainer: China UnionPay, Russia's potential payments backstop

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Explainer: China UnionPay, Russia's potential payments backstop

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