Visa, Mastercard suspend business; Russian banks turn to China

Fortune | Bloomberg | March 6, 2022 Sberbank PJSC said it’s looking at the possibility of issuing cards using Russian payments system Mir and China’s UnionPay after Visa Inc. and Mastercard Inc. suspended operations following the invasion of Ukraine. The move could allow Russians to make some payments overseas, with UnionPay operating in 180 countries

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