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Union Pay is a Chinese Credit card that can be used in more than 150 countries around the globe. Chinese tourists and business travelers rely on this form of payment.
In addition to hotels and tourist attractions in Russia, Chinese visitors can now pay for tickets on more than 100 Moscow subway (Moscow Metro) stations with China UnionPay card with the “QuickPass” signage or a smartphone connected to such a card and capable of wireless payment.
This is the first time that wireless payment using China UnionPay cards had been applied to foreign subways.
The service provided by UnionPay International, Russia’s VTB bank and the Moscow Metro will be expanded to all subway stations at the end of this year or at the beginning of next year.
Chinese tourists made nearly two million trips to Russia in 2018, and so far, 16 Russian financial institutions have issued more than 2.5 million UnionPay cards.
The service will make metro trips easier for both the Chinese tourists and local residents, said Li Jingyuan, minister counselor of the economic and commercial office of the Chinese Embassy in Russia.
Shao Fujun, chairman of the board of China UnionPay, said the company aims to expand QuickPass payment to ground public transport and suburban trains in Moscow.
UnionPay, also known as China UnionPay or by its abbreviation, CUP or UPI internationally, is a Chinese financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card scheme in mainland China.