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Advertisements letting customers know of the ability to use UnionPay debit cards at Harrods are shown on February 3, 2011 in London, England.

Russia Wants New Mir Payment System, China's UnionPay to be Compatible

Charissa Echavez   | Nov 05, 2016 10:24 AM EDT

Russia wants to make its new Mir payment system compatible with China's UnionPay to prevent Western financial sanctions, Prime Minister Dmitry Medvedev said in an interview published on Friday.

WeChat is now the most popular social app in China.

China-Based Tencent to Expand WeChat Payment System to 20 Countries

Charissa Echavez   | Nov 21, 2015 01:08 PM EST

China-based Tencent Holding Ltd. is upgrading its well-known social-messaging app WeChat to expand its mobile payment system to 20 countries. This move will make overseas transactions among Chinese outbound tourists more convenient.

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