Browsing: petroleum

Launching initially in Tanzania followed by Rwanda, this collaboration significantly enhances payment convenience for international travellers while unlocking new commercial opportunities for local businesses. The rollout immediately expands UnionPay’s acceptance network by more than 3000 merchant locations across Tanzania and Rwanda, significantly strengthening payment acceptance across hospitality, retail, tourism, petroleum, and SME merchants. Through Pesapal’s acquiring network, the partnership represents one of UnionPay’s largest merchant acceptance expansions in East Africa, reinforcing its presence across two of the region’s fastest-growing digital economies.

Russia extends its fuel export ban until February 2026 to stabilize domestic supply and ensure market balance across the petroleum and energy sectors.