Search Results for: UnionPay

Four Payment Operators Join in Suspending their Services in Russia amid Ukraine Crisis

More payment operators follow the orders of sanctions issued by the U.S., American Express, Visa, Mastercard, and PayPal announced on Saturday that they are all suspending their operations in Russia in protest of the country’s ongoing invasion of Ukraine. Four operators stated that cards issued by them would no longer function at shops or ATMs … Continue reading Four Payment Operators Join in Suspending their Services in Russia amid Ukraine Crisis

Ex-Chinese Central Banker Says Digital Yuan: Use Has Been Minimal

An ex-official of the People’s Bank of China (PBOC), which is the central bank of China, has stated his dissatisfaction with the fact that China’s digital yuan is not being used very often. According to a report published on December 28 by Caixin, Xie Ping, a former research director at the PBOC who is now … Continue reading Ex-Chinese Central Banker Says Digital Yuan: Use Has Been Minimal

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