13 Apr 2010 07:13

VTB begins linking ATMs to China UnionPay system (repeat)

Moscow. April 13. INTERFAX - VTB has begun a project to expand the services of Chinese payment system China UnionPay, VTB said in a statement.

The bank has already linked the first automated teller machines (ATM) of its retail arm, VTB 24, to the Chinese processing firm.

China UnionPay plans to create a broad-based infrastructure in Russia using a network of ATMs and POS terminals.

VTB and China UnionPay signed an agreement in late 2009, which delegates to VTB the rights to service China UnionPay card accounts in its ATM network and Point of Sale (POS) terminals of partner banks.