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CONTACT system is the first in Russia to launch transfers to UnionPay cards

16 October 2014
CONTACT system is the first in Russia to launch transfers to UnionPay cards

CONTACT payment system expanded its cash-to-card service line. CONTACT users can now transfer money to UnionPay cards, issued by any Chinese bank.

Thanks to an agreement between the two systems, CONTACT system users are able to replenish their UnionPay cards, issued by any Chinese bank. To transfer cash to UnionPay card it’s sufficient to specify its front side number. The service is available at CONTACT POS in Russia and CIS countries.

Transfers is made in US dollars to be converted into Chinese Yuan at the exchange rate reported to sender at CONTACT offices at the time of sending. The money appears on the balance of UnionPay card for 15 minutes. The maximum amount of one transaction is $3000. Commission fee is 1% of the amount transferred + $ 2.

Founded in March 2002, UnionPay payment system is an association of Chinese bank card industry, operating under the control and direction of the People's Bank of China. UnionPay cards are issued by all banking institutions in China and more than 60 banks in the world, including Russia. UnionPay is the only interbank network in China excluding Hong Kong and Macao, which unites the ATMs of all banks in mainland China. UnionPay card serve more than 1.2 million ATMs worldwide.

The CONTACT system cash-to-card service has been implemented for Visa cards, issued by the banks in any country in the world except the United States and OFAC, and MasterCard, issued by the banks of several countries in the near and far abroad. In the nearest future, CONTACT system and UnionPay plan to extend the service to the cards issued by Russian banks.