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Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures - Foreign Affairs (8) - Nairaland

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Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by Workch: 8:44pm On Mar 07, 2022
lampi:
haha Russia should now do all there buying and selling only in China. what a bundage
doing business with China means you are invarably doing business with the world.

China is the largest country on paruchsin power parity. If China is on your side, you are good to go, even the United States will suffer if they stop doing business with China
Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by osazsky(m): 8:45pm On Mar 07, 2022
Invitationn:

This your ramble ehn.
China economy about to go down?
China is producing fake products 'no one wants to buy'? grin
You're a joke!
It's funny how you, think Putin is talking like an illiterate grin cheesy
Geez!
i hope u know that after three sanctions the value of the russian rubbies droped by 40 percent...very soon naira will be bigger than the russian rubbies then next year just like Venezuela a loaf of bread will go for 5 million venezuala dollar sorry russian rubbies
Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by Workch: 8:48pm On Mar 07, 2022
osazsky:
i hope u know that after three sanctions the value of the russian rubbies droped by 40 percent...very soon naira will be bigger than the russian rubbies then next year just like Venezuela a loaf of bread will go for 5 million venezuala dollar sorry russian rubbies
all those will stabilize.

Euros is also dropping vs dollars.
The whole of europe go feel am

1 Like

Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by tonididdy(m): 8:49pm On Mar 07, 2022
CoronaVirusPro:



smh....

Now its confirmed you still living in the past. Seems Nord stream is channeling body lotion to Europe

I don't even know the caliber of people I relate with on this forum. Its sickening

Look at what you composing in 2022.



tonididdy:



Only Russia has a pipeline from home across Europe because they are closer.

... and Germany is in South America Abe? undecided
You are looking good for who to drag your lowiQ with angry

1 Like

Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by vikstandon(m): 8:49pm On Mar 07, 2022
Power to Asia...The next world power is a nation in Asia. Africa would soon breathe fresh air.

1 Like

Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by blackboy2star(m): 8:50pm On Mar 07, 2022
You think is Nigeria that anything can enter anyhow anytime. It's not even up to 30%... Trump did it and it affected there billionaires, though affects bought parties but harder on the producer. Well its more of China's billionaire's asset outside there country. You think they have 50% of there money in Yuan right? Abi you think Dangote has 50% of his money in naira.


Workch:
lol, this one doesn't know anything.

More than 50% of anything used in United States is produced in China.
No country can beat China to that. Its more expensive to produce most things in most countries than to import them from China.

United States is owing China huge sum, over $1trillion. You no fit sanction them.

The world needs China so much that, a sanction will almost paralyze most countries.

China is in a better position to sanction united states than otherwsie, United States and Europe depend more on China than China depends on them in terms of trade.

The Chinese communist govenrment is very efficient and they have made China self-dependent and efficient.
Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by CoronaVirusPro: 8:51pm On Mar 07, 2022
tonididdy:



... and Germany is in South America Abe? undecided
You are looking good for who to drag your lowiQ with angry

Swerve please, you are a village boy.
Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by colestephan86: 8:55pm On Mar 07, 2022
MangekyoAlt:
Nice one. Let mastercard and PayPal carry their shakara back to the USA. They think other platforms wouldn't be there to take their place in a big country like Russia.
Many countries will go with Russia, imagine a century as big in population as china didn't do anything to develop themselves, they would have being at the mercy of the west
Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by tonididdy(m): 8:56pm On Mar 07, 2022
CoronaVirusPro:


Swerve please, you are a village boy.

Airwey
Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by Workch: 8:57pm On Mar 07, 2022
blackboy2star:
You think is Nigeria that anything can enter anyhow anytime. It's not even up to 30%... Trump did it and it affected there billionaires, though affects bought parties but harder on the producer. Well its more of China's billionaire's asset outside there country. You think they have 50% of there money in Yuan right? Abi you think Dangote has 50% of his money in naira.


oga, you are shouting Chinese assets.
Do you know how many sanctions united states hit China and united states go shamed.

You and educate yourself oga, united states is too small to sanction China

1 Like

Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by grandstar(m): 8:57pm On Mar 07, 2022
The biggest benefactor from the sanctions will be China.

However, there's a limit to what the Chinese can do. Just ask the Iranians who too have been under sanctions and have depended on China.

A lof of Chinese raw materials and machinery do not meet the high standards of the rich nations.

Then again, is China going to buy all goods and services that will be exported by Russia? Again, this shows how very limited the help they can provide

1 Like

Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by Elidrisy20: 8:58pm On Mar 07, 2022
The world is over dependent on these Yankees, gringos, I hope Putin teaches them lesson

1 Like

Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by Zulu2022: 9:02pm On Mar 07, 2022
Oowh nairaland una no go kill me more less like comparing tecno with iPhone,una croww India app against twitter howfa
Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by blackboy2star(m): 9:03pm On Mar 07, 2022
Lol... I thought you said they consume more than 50% of China product nah... cheesy
Trump did it and it's doable.
I'm not supporting USA but until all country billionaires stop prioritizing 85% of there asset to dollar, my brother nothing can be done as of today. Cos there local currency can't stand dollar... Yuan to dollar, go check it out.

Workch:
oga, you are shouting Chinese assets.
Do you know how many sanctions united states hit China and united states go shamed.

You and educate yourself oga, united states is too small to sanction China
Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by blackboy2star(m): 9:04pm On Mar 07, 2022
As in they think the West accept anyhow ness China products to enter, they're using naija yardstick


Zulu2022:
Oowh nairaland una no go kill me more less like comparing tecno with iPhone,una croww India app against twitter howfa
Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by Moahmed: 9:05pm On Mar 07, 2022
CoronaVirusPro:


You did not answer my question.

Take Nigeria for example, which merchants accepts union pay?

UnionPay chip cards are accepted for withdrawing cash at ATMs of GTB, Enterprise bank, Jaiz Bank, Hasal MFB and ASO Savings.
Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by grandstar(m): 9:06pm On Mar 07, 2022
sunboy:
China is the ultimate winner of this way, China already won.
Not Russia, not Ukraine, nor the West but the Chinese without firing a single shot.

I shudder to think of the fallout of these sanctions and war. The disbenefits seems to outway any benefit.

For instance, Russia and Ukraine are big wheat exporters. Ukrainian wheat is cheaper than the American variety. 86% of wheat that Egyptians consume is from Ukraine. The Arab Spring that started in Tunisia was triggered off by high wheat prices which led to high bread prices and then discontent. That's just one fire.

Prices of energy is going to skyrocket. The price for gas will shoot up. The 650/kg may hit 1,000/kg if we are not careful. Russia is probably the largest gas exporter in the world. And natural gas is not a product you just change supplier overnight. Russia's control in Europe is powerful because it has built a pipeline reaching Western Europe. Fuel prices are going to shoot through the roof as it might have shut its pipe.

2 Likes

Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by YoungBruzzy(m): 9:07pm On Mar 07, 2022
Russia will definitely lose alot as most of their foreign reserve has been sanctioned already

Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by CoronaVirusPro: 9:07pm On Mar 07, 2022
Moahmed:


UnionPay chip cards are accepted for withdrawing cash at ATMs of GTB, Enterprise bank, Jaiz Bank, Hasal MFB and ASO Savings.

GT bank is the only bank on that list and just read the started of recent

Others are credit and thrifts. Who still uses those banks in 2022

Hello, If you travel with only that card with you, I can bet you will beg for money at some point.
Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by grandstar(m): 9:08pm On Mar 07, 2022
vivalavida:
This is what China has always craved for. This war will make Russians do more business with China and the Chinese yuan will be more used since America is starving Russia of its dollar. This helps pushes the yuan more into the global market.

Don't say what you do not know. I don't think China ever prayed for this.
Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by grandstar(m): 9:11pm On Mar 07, 2022
Johnrake69:
People asking who accepts Unionpay are just ignorant. China is the number one trade destination.

Russia export more than they import. The issue of sanctions will cripple the European companies doing business with Russia. You only get goods from Russia when you make payment that they can acknowledge.

Your info here isn't informed.

A lot of Russian machinery and inputs are gotten from rich nations. You can't just change your parts suppliers overnight.

Even America would crumble if these types of sanctions were imposed on it. There's just too much interdependence in the world economy today. Even China will collapse.

1 Like

Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by Zulu2022: 9:12pm On Mar 07, 2022
blackboy2star:
As in they think the West accept anyhow ness China products to enter, they're using naija yardstick


ask Dem apart from China who use uniopay,wen we HV India, Indonesia,Arab using visa nd master card, Alaba no knw if one person com market

1 Like

Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by Invitationn: 9:13pm On Mar 07, 2022
osazsky:
i hope u know that after three sanctions the value of the russian rubbies droped by 40 percent...very soon naira will be bigger than the russian rubbies then next year just like Venezuela a loaf of bread will go for 5 million venezuala dollar sorry russian rubbies
Ok.
Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by grandstar(m): 9:15pm On Mar 07, 2022
SSpeter:
make una dey talk with sense small na....Russia has lost almost 40% of her economy from January till date. As at 4pm today Russian rubble was trading 160/USD. Inflation is already hitting 30% and today epileptic naira traded at 2.2/Rubble. You guys don't understand the power of sanctions. You think China is your friend? Ask Alibaba what the Chinese govt has done to him...let alone Russia. Chinese are traitors no one trusts a Chinese not even a Chinese.

I admire the fact you showed by data the economic cost of this war to Russians. Even the American economy will crumble if these same sanctions were imposed on it

1 Like

Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by Nobody: 9:15pm On Mar 07, 2022
When buhari replaced Twitter with cow-wee app who download am to use?Las Las na dem lift Twitter app after deaf ears from Twitter to bow to his demand.
Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by olugabbie(m): 9:17pm On Mar 07, 2022
Workch:
oga, you are shouting Chinese assets.
Do you know how many sanctions united states hit China and united states go shamed.

You and educate yourself oga, united states is too small to sanction China


Placing heavy sanctions on China will cripple the world economic.

1 Like

Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by olugabbie(m): 9:18pm On Mar 07, 2022
Workch:
oga, you are shouting Chinese assets.
Do you know how many sanctions united states hit China and united states go shamed.

You and educate yourself oga, united states is too small to sanction China


Placing heavy sanctions on China will cripple the world economic. China is a trade partners to almost all the countries in the world.

1 Like

Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by EnglandAmaka(f): 9:19pm On Mar 07, 2022
Dalil8:


Over 180 countries.

The 2nd fastest growing global payment system.



Where is Verve please?
Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by Nobody: 9:19pm On Mar 07, 2022
Moahmed:


UnionPay chip cards are accepted for withdrawing cash at ATMs of GTB, Enterprise bank, Jaiz Bank, Hasal MFB and ASO Savings.
Show proof with pix not theory and Photoshopped.Even you,never hear of that card before until now.
Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by olugabbie(m): 9:19pm On Mar 07, 2022
Workch:
oga, you are shouting Chinese assets.
Do you know how many sanctions united states hit China and united states go shamed.

You and educate yourself oga, united states is too small to sanction China


Placing heavy sanctions on China will cripple the world economic. China is a trade partners to almost all the countries in the world. It won't even work. Some countries will refuse to play along with the US. Germany for example depend on China fir trade, She depends on Russia fir energy and US for security.

1 Like

Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by osazsky(m): 9:19pm On Mar 07, 2022
Workch:
all those will stabilize.

Euros is also dropping vs dollars.
The whole of europe go feel am
not by 40 percent..if it droping u will know with ur naira..those cutrencies are standatd not russian rubbies or sa rands..if u trade in forex u supose know these things
Re: Russia Turns To China’s Unionpay System Amid Visa And Mastercard Departures by HitSong: 9:20pm On Mar 07, 2022
CoronaVirusPro:
Union pay grin grin grin grin


Comedy!

Who accepts union pay? Union Bank?
Or deh
Kids...

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