Le Lézard
Classified in: Science and technology, Business

UnionPay Adds Five Merchants to Growing List Accepting Online Payments with UnionPay Cards in Russia


MOSCOW, Oct. 26, 2021 /PRNewswire/ -- UnionPay International (UPI) and Russian Standard Bank recently announced the growing list of Russian merchants who are now accepting UnionPay cards for online payments, with five new additions in July, offering added choice and convenience for the 3.3 million UnionPay cardholders in Russia.

The new additions include:

At the end of this year, it is also planned to add Wildberries, e-commerce platform, and Apple Store for Macs, iPhones, iPads, Apple Watches, and more.

"Since the outbreak of the pandemic, demand for online shopping, and other options that enable consumers to safely make purchases from their home, has been growing exponentially. We are pleased to announce that even more Russian merchants have enabled UnionPay online payments, allowing UnionPay cardholders to continue to make convenient and secure payments in more of their favorite online stores," said Xia Yu, head of UnionPay International Russia Branch.

Rapid digital infrastructure development has meant even back in 2019, seven in ten households were connected to the internet in Russia meaning a significant portion of the population are making regular online payments. Debit cards remain one of the most popular payment methods with a 28 percent share of the market according to recent data.

Cashless payments were close to US$39 billion in Russia in 2019 and that amount was close to US$44 billion at the end of 2020. The share of non-cash spending among Russians surged to 59.4 percent in the first three months of 2021. Cash-free sales were up 6.3 percent compared to a year ago. As a result, cashless transactions are expected to reach approximately US$70 billion by 2024.

About UnionPay International

UnionPay is an international payment system founded in 2002. UnionPay International is focused on the growth and support of UnionPay's global business. Now UnionPay payment acceptance network has expanded to 180 countries and regions, and 70 countries and regions have issued UnionPay cards. In Russia, UnionPay cards are accepted in over 95% of POS terminals and ATMs. Over 1.6 million POS terminals accept UnionPay cards with QuickPass contactless payment technology, and over 3,3 million UnionPay cards have been issued in Russia.

SOURCE UnionPay International

Related Link: http://www.unionpayintl.com/ru/


These press releases may also interest you

at 10:08
The following issues have been halted by CIRO: Company: Horizonte Minerals Plc. TSX Symbol: HZM All Issues: Yes Reason: Pending News Halt Time (ET): 09:52 AM CIRO can make a decision to impose a temporary suspension (halt) of trading in a security...

at 10:07
Today, WebMD Health Services announces the reintroduction of the TINYpulse® brand, continuing its steadfast commitment to advance tools and insights that help organizations create the ultimate culture of employee engagement and well-being, while...

at 10:05
The Coca-Cola Company today announced it will release first quarter 2024 financial results April 30 before the New York Stock Exchange opens. The release will be followed by an investor conference call at 8:30 a.m. ET to discuss the results. The...

at 10:05
WillowWood Global, a leading designer, manufacturer, and distributor of prosthetic products, today announced that it has acquired Xtremity. The transaction builds on WillowWood's growing strength in custom solutions which includes central...

at 10:03
Cetera Financial Group, the premier financial advisor Wealth Hub, announced that Cetera Financial Institutions has launched a groundbreaking new Credit Union Council, aimed at providing Cetera's participating credit union partners with a forum to...

at 10:02
Liquid Mobile, a rapidly growing on-demand, mobile IV hydration and wellness service, announces the opening of three new locations in Texas, all situated within Cowboys Fit clubs - state-of-the-art fitness facilities in partnership with the Dallas...



News published on and distributed by: