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Union pay is a debit card system and not credit card system. So I am not sure it will help considering the purpose of credit card usage are different.
by nowherebeen 5y ago
Union pay is a debit card system and not credit card system. So I am not sure it will help considering the purpose of credit card usage are different.
- heavenlyblue 5y agoFortunately for Russia debit cards cover 99% of their use cases.
- sudosysgen 5y agoThere are also credit cards that use Union Pay. Basically a debit card connected to a credit line. IIRC Union Pay is really the payemnt processor.
- alvarlagerlof 5y agoDebit is extremely common in Sweden.
- perryizgr8 5y agoI look at that as an advantage. Credit cards just keep a large portion of the population in unnecessary debt. Debit cards are much more logical in almost all situations. In fact I use my credit card like a 1 month delayed debit card. The line of credit is useless.
- jazzyjackson 5y ago> large portion of the population in unnecessary debt. thereby increasing the money supply and velocity of money. Waiting until you have money to spend it slows everything down.
- perryizgr8 5y ago> Waiting until you have money to spend it slows everything down. Which is probably a good idea for most people and most situations.
- powerapple 5y agoFor people need money, credit card is a thing can be helpful at a time and lock them in debt for long term. Most people pay interests on credit card are those you don't want them to be on credit card, poor people.