Hengbao participating the CUP card issuing in Europe
  5 August, 2008, Evrofinance Mosnarbank, Moscow launched the China UnionPay (CUP) standard cards in Russia. After issuing CUP cards in Japan and other Asia east countries, the China UnionPay launches the same cards for the first time in Russia and also in Europe. The Bank of Russia, China UnionPay, Evrofinance Mosnarbank, Moscow, China embassy in Russia, Hengbao Representative, and Medias of China and Russia attend this ceremony.

Evrofinance Mosnarbank begins to issue standard debit card in Russian Roubles bearing the CUP logo with “62” as the first 2 digits of PAN. Besides the CUP logo, the cards also bear the logo of Union Card-one of the biggest local bankcard organizations in Russia, thus the cards can be used both in the local network of Union Card in Russia and in the global network of China UnionPay. The cards are classified as Classic, Gold and Platinum. Evrofinance Mosnarbank plans to issue the CUP cards mainly to those businessmen and tourists who frequently visit China.

Mr. Sergey Yarosh, Senior Vice-President – Deputy Chairman of the Executive Board of Evrofinance Mosnarbank said it was very glad for him to cooperate with China UnionPay and to issue the CUP Standard card for the first time in Russia. From now on, a Russian citizen, either a businessman or a tourist, leaving for China or South East Asia will have yet another payment instrument with an extensive infrastructure used for serving such plastic cards in the region. In the near future we will offer the holders of the CUP cards issued by Evrofinance Mosnarbank new services which will make them feel homey while overseas. The Evrofinance Mosnarbank will attach a great importance to the CUP Standard card issue and application in Russian in the future.

At the same time, Mr. Sergey Yarosh is highly complementary satisfied with the card design, quality, and the delivery time offered by Hengbao. He also expresses his thanks to Hengbao representative for their effort made to support and cooperate in this project.

It is reported that the first CUP card holder is the Russia Olympic Delegation, and they will use the card in Beijing during the Olympic Game period.