MOSCOW, December 21. Russian Standard Bank allowed its customers to transfer money to UnionPay cards. Now it is easy and simple to send money to cards of the UnionPay payment system through Russian Standard Mobile Bank or Internet Bank.
The relevance of such a service is especially high against the background of the active development of trade and friendship between Russia and China. Now money can be transferred to UnionPay cards issued by foreign banks. A new convenient service for cross-border fund transfers to UnionPay cards is available to cardholders of any issuing bank of any payment system on the website of Russian Standard Bank and RS-Express.
For Russian Standard Bank cardholders, transfer is also available through mobile banking or Internet banking. Simply select the account from which the transfer is planned, fill in the recipient’s UnionPay card number, the amount and, finally, validate the transfer. The flat fee for sending funds to UnionPay cards is 1.5%. At the same time, from a ruble account, the minimum amount of commission for a transfer will be 249 rubles, in US dollars – 4 $, in euros – 3.5 €. The minimum transfer amount is 1500 rubles.
Xia Yu, Head of UnionPay International’s Russian Branch, said, “Money Express is UnionPay International’s cross-border money transfer service that has been launched in 45 countries and regions, including the United States, Japan , Singapore, Australia, United Kingdom and Russia. We are delighted that more and more Russian banks are connecting to Money Express, allowing local customers to transfer funds to UnionPay cards conveniently, quickly and securely.
In its daily work, Russian Standard Bank focuses on expanding financial opportunities for its customers, constantly introducing new options and services. Soon, the bank plans to connect the transfer service to UnionPay cards issued by Russian banks in all remote service channels, as well as to UnionPay cards issued in mainland China.
About UnionPay International
UnionPay International (UPI), founded in 2002, is focused on growing and supporting UnionPay’s global business. In partnership with over 2,400 institutions worldwide, UnionPay International has enabled card acceptance in 180 countries and regions with issuance in 70 countries and regions. In Russia, UnionPay’s acceptance coverage is 95%. Over 1.6 million POS terminals support UnionPay QuickPass payment technology and over 4 million UnionPay cards have been issued.
About Russian Standard Bank
JSC “Bank Russian Standard” was founded in 1999 by one of the greatest Russian entrepreneurs – Rustam Tariko. The General License of the Bank of Russia No. 2289 was issued for an indefinite period on November 19, 2014. Russian Standard is among the leaders in the banking industry with many years of experience. He became a pioneer in the main types of banking services in Russia: he was the first to launch point-of-sale loans, credit cards and gave access to the best services in the world. For the first time, the bank offered flat-rate products – “The bank in your pocket”.
Russian Standard is a member of the Fintech Association. It focuses on the development of innovative financial services. Its acquisition network is one of the largest in the country. It was among the first to offer the possibility of providing acquiring services on the Internet. Detailed information about the bank can be found on the official website website.
Related link: http://www.unionpayintl.com/ru/