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 [25 August 2017]…Full Article: China Daily Aug 2017

Key Point

  • The MoU focuses on integrating UnionPay with Belarusbank ATMs and other retail/service companies that work with the bank.

ChinaAg Comments

  • In April 2017, China’s UnionPay cards became accepted at BPS-Sberbank banks in Belarus.
  • In February 2017, Australian supermarket chain, Woolworths, announced it would accept Unionpay cards. According to China UnionPay Co., Australia is home to the largest number of UnionPay (payment) terminals outside of China.

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