Tinkoff Bank began issuing UnionPay cards – Kommersant
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Tinkoff Bank has notified its customers that it will start issuing cards from the Chinese payment system UnionPay from May 23. On the website of the credit institution in the evening of May 22 updated tariff conditionsin which the possibility of issuing and servicing additional UnionPay settlement and credit cards has appeared.
According to a message sent by the customer support service of Tinkoff Bank, a virtual UnionPay card can be issued free of charge, a physical one – for 1 thousand rubles. Support operator clarified RBCthat such a card will not work in the EU, USA, UK, Georgia and Israel. You can use the card or withdraw money from it at an ATM, in particular, in Turkey, the United Arab Emirates or Thailand, as well as in many countries in Asia, Africa and South America.
On website Tinkoff-Bank indicated that the tariff changes relate to the Changes relate to “the possibility of issuing and servicing additional payment cards and credit cards of the UnionPay payment system and the fee for their issuance charged by the bank.” The support service explained that UnionPay cards will be issued as additional ones to those already available to customers.
At the moment, UnionPay is the only international payment system that has continued to work in Russia. Officially, UnionPay has not announced restrictions on working with banks that are on the sanctions list. However, RBC citing a source, he reported that due to fear of sanctions, UnionPay banned the issuance of its cards by such banks, and also limited the acceptance of its foreign cards in POS-terminals of these credit institutions. February 25 Tinkoff Bank hit under EU sanctions. In May, restrictions on a credit institution introduced Great Britain.
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