OREANDA-NEWS. In November 2006 VTB started bankcard servicing of the Chinese processing company UnionPay (earlier China UnionPay (CUP)) in its several ATMs, located in Moscow and the regions, bordering the People’s Republic of China.

Later on, the cards of this payment system will be accepted by the entire ATM network and trade and servicing outlets of both VTB and other banks of the VTB Group.

UnionPay is a unique nationwide processing company in China. Today, the company provides services for all financial institutions of China issuing bankcards. The volume of UnionPay paid-up capital is CNY 1.65 billion (approximately USD 200 million). The number of UnionPay cards issued is over 900 million.