UnionPay International, a wholly-owned subsidiary of China UnionPay, has joined hands with Belarusbank, a commercial lender in Belarus, to facilitate UnionPay-branded card acceptance in Belarus.

Under the agreement, Belarusbank’s ATMs and merchants will start accepting UnionPay cards within next year, and assist in local card issuance and the promotion of UnionPay products.

The agreement represents the launch of the UnionPay business by the largest commercial bank in Belarus, and will enable the UnionPay acceptance network to cover 40% of the local ATMs and merchants soon.

Commenting on the agreement, Belarusbank president Viktor Ananich said: “Belarusbank is ready to continue the dialogue with financial community of the People’s Republic of China regarding cooperation in all areas of banking services.

“The bank is actively expanding cooperation with financial institutions of the People’s Republic of China in various business spheres. We attach great importance to this meeting with UnionPay International and believe that it will help us open new business horizons.

“Our fruitful cooperation will contribute to the further development of relations between the Republic of Belarus and the People’s Republic of China.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.