International transfers to UnionPay Global cards in 61 countries using only the card number are now possible
“With the launch of transfers to UnionPay Global, we have expanded the service from local scenarios to a full-fledged international network. It is now possible to send money to UnionPay cards issued not only in China, but also in other countries – regardless of where the recipient is located. A transfer to Dubai, Guangzhou, or Tashkent now works as simply and quickly as a domestic transfer within Russia. The potential audience is expanding to billions of recipients,” said Artyom Avladeev, head of transfers at T-Bank, commenting on the launch.
The bank noted that clients can send money to themselves or to other people on UnionPay Global cards using only the card number and the recipient’s full name. Funds are credited instantly, just like domestic transfers within Russia.
Previously, the service had been limited to transfers only to cards issued in China. Now, the geography covers countries in Asia, Europe, as well as the CIS and the Middle East. At the same time, it does not matter where the card was issued or where the recipient is physically located. For example, a card issued in Uzbekistan can be topped up successfully even if its owner lives in France.
No separate foreign-currency account is needed to make a transfer – a ruble account with T-Bank is sufficient. Up to 100,000 rubles per month can be sent without commission. The limit for a single transfer is $5,000 or the equivalent in the transfer currency.
“This new functionality will be useful for Russians supporting loved ones abroad, freelancers working with foreign clients, travelers, and anyone doing business with partners in Asia and Europe,” T-Bank said.
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