Business
17:42, 26-Aug-2017
UnionPay payment cards to be issued in Belarus
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Belarusbank, the largest bank in Belarus, signed a memorandum of understanding with China's UnionPay International (UPI) on financial service cooperation, the press service of the bank said on Friday.
In partnership with more than 1,500 institutions worldwide, UPI has enabled card acceptance in 162 countries and regions with issuance in 42 countries and regions.
Photo taken on August 25, 2017 shows the signing ceremony of a memorandum of understanding between Belarusbank and China's UnionPay International in Minsk, capital of Belarus. /VCG Photo
Photo taken on August 25, 2017 shows the signing ceremony of a memorandum of understanding between Belarusbank and China's UnionPay International in Minsk, capital of Belarus. /VCG Photo
The memorandum is aimed at establishing relations and applies to the services of the UnionPay payment cardholders in the network of Belarusbank ATMs, retail and service organizations cooperating with the bank in accordance with the acquiring agreements.
Belarusbank is actively expanding its cooperation with China's financial institutions in various business areas, said Chairman of the Board of Belarusbank Viktor Ananich.
"Our interest in cooperation on acquiring UnionPay bank payment cards in Belarus is obvious," he added.
The Bank is also ready to continue the dialogue with China's financial community on cooperation in all areas of banking services, Ananich said.
"Fruitful cooperation between us will contribute to further deepening of Belarus-China relations," he said.
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Source(s): Xinhua News Agency