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One of the competitors of Visa and Mastercard enters the Ukrainian market

  • One of the competitors of Visa and Mastercard enters the Ukrainian market

Kyiv: China International Payment System UnionPay International is entering the Ukrainian market. This is stated in the press service of the National Bank of Ukraine.

“At the first stage, the UnionPay International payment system will provide in Ukraine acquiring services, cash disbursement and payment for goods and services using UnionPay payment cards. In the future, the issuance of UnionPay payment cards by banks of Ukraine is also expected,” the report says.

We recall that in July, during a meeting of the National Bank of Ukraine Chairman Yakiv Smolii and the First Deputy Head of the NBU Ekaterina Rozhkova with the President of the international payment system UnionPay International Shi Wenchao, the parties confirmed their common interest in further cooperation. In particular, they discussed the regulatory procedures for the entry of the international payment system UnionPay International into the Ukrainian market and aspects of the possible cooperation of the Chinese payment system with the National Payment System PROSTIR.


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