BEIJING: Russia and China were considering linking their national payment system, Russian Prime Minister Dmitry Medvedev said on Wednesday, as he called for a more balanced global finance structure.
Noting the rise of China’s UnionPay system and Beijing’s efforts to internationalise its currency, the yuan, Medvedev told a press conference in Beijing that Russia was developing its own payment system, known as Karta Mir. “At the present moment it is being discussed whether Karta Mir should be linked to Chinese payment systems,” he said while standing alongside Chinese Premier Li Keqiang.
That would have “good prospects” and “avoid those problems that …read more
Source: Pakistan Today
