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HomeLatest NewsUnionPay has introduced a cash withdrawal limit for Russians abroad

UnionPay has introduced a cash withdrawal limit for Russians abroad

Date: January 27, 2023 Time: 14:52:19

The Chinese payment system UnionPay has introduced restrictions on cash withdrawals abroad using cards issued in Russia. RBC writes about it.

Now you can withdraw no more than 50,000 yuan per day and no more than 500,000 yuan per year or the equivalent of these amounts in other currencies. This is approximately 507,345 and 5.07 million rubles, respectively (the exchange rate of the Central Bank on December 29).

“If you need to withdraw cash from ATMs above the set limit, we recommend that you issue an additional UnionPay card in accordance with the bank’s fees,” Primorye Bank, which first announced the limit, said in a statement.

The information was confirmed by Zenit Bank. Employees of Gazprombank, Post Bank, MTS Bank and Solidarity have not yet learned about the restrictions.

Earlier it became known that the Bank of Russia plans to test the use of cryptocurrencies for international payments. This will happen for the first time and as part of an experimental legal regime. According to the vice-president of the Central Bank, Olga Skorobogatova, the pilot project will be carried out with “interested market participants”.

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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