UnionPay eyes Russia market

Third-largest card issuer continues its expansion of overseas network

Russia's move to reduce its reliance on major Western payment services may benefit China's market players, including China UnionPay and its subsidiary UnionPay International.

According to a report broadcast on the Voice of Russia, UnionPay has its eyes on a bigger market share in Russia. The broadcaster quoted an employee who is in charge of UnionPay's card business in that country.