Tuesday, August 19, 2014

Hit by sanctions, some Russian banks look to China for credit card system

Banks in Russia, worried about halts in the availability of Visa and Mastercard as payment systems, are reportedly looking to China for a replacement.


The Chinese system China Union Pay might be an alternative way to secure transactions after sanctions imposed on Russia over the crisis in Ukraine.


Tom Barton reports.


IN: Union Pay is….

OUT: SOC

DUR: 1'55"


AIR: http://www.fsnradionews.com/feeds/china-tb-air.mp3
ARN: http://www.fsnradionews.com/feeds/china-tb-arn.mp3
GENERIC: http://www.fsnradionews.com/feeds/china-tb-generic.mp3
ICRT: http://www.fsnradionews.com/feeds/china-tb-icrt.mp3
NIGERIA: http://www.fsnradionews.com/feeds/china-tb-von.mp3
RNZ: http://www.fsnradionews.com/feeds/china-tb-rnz.mp3
TRIBUTE: http://www.fsnradionews.com/feeds/china-tb-tribute.mp3
VATICAN: http://www.fsnradionews.com/feeds/china-tb-vatican.mp3
ZIZ: http://www.fsnradionews.com/feeds/china-tb-ziz.mp3