UnionPay International & SBM to Revolutionize Payment Acceptance With mPOS Solution “MOOV”
26 Apr 2016
In association with UPI (UnionPay International), SBM is the first local bank introducing an innovative payment platform-mPOS (mobile point of sales) in Mauritius. The mPOS technology “MOOV”, powered by SBM is a new and secure service that will allow small traders and dealers to accept payments through credit, debit and prepaid cards by just swiping. SBM is moving forward to further innovate with cashless solutions.
The new service to accept card transactions via Smart Phones or Tablets, will enable small and medium-sized enterprises like retail shops, taxi services, beach hawkers or home delivery to provide their customers with added convenience for payments with the current growth and presence of UnionPay cards in the market. UnionPay card is becoming a payment tool favored by local residents and the mPOS service is expected to bring them more convenient payment experience. To avail the facility of mPOS, any SBM branch can be approach for application details.
Mr. Li Zhixian- General Manager of UnionPay International Africa said “With innovation at the heart of everything we do, it is truly exciting to be a part of the rollout of the first ever mPOS service in Mauritius and Africa Region. This solution will enable all types of retailers, large and small, to take advantage of one of the world’s fastest payment processing networks in-store, off-premises, or on the move. Mobile devices are fast becoming the preferred platform to conduct payments as UnionPay International offers a fast, convenient, and secure payment option for merchants and consumers alike”
With the cooperation of SBM, the acceptance scope of UnionPay cards is having a rapid expansion, which will serve local customers as well as foreign nationals to conveniently use their UnionPay cards remotely. UPI is committed to its brand promise of “Growing Together”, and will continue to support business innovation and infrastructure enhancement, and partner closely with banks and various institutions to offer quality payment services to merchants and cardholders.
Currently, UnionPay International is strengthening its cooperation with mainstream financial institutions in the region to promote the payment quality of life and assisting developing countries in financial inclusion. UnionPay International has presence in 48 African countries. For example in Mauritius, Kenya, Seychelles and Congo Brazzaville, UnionPay International has launched various products such as debit card, prepaid card, corporate cards etc,, allowing local residents opportunity to enjoy the secure, convenient and cost-effective payment services.
UnionPay International (UPI) is a subsidiary of China UnionPay focused on the growth and support of UnionPay’s global business. In partnership with more than 1000 institutions worldwide, UnionPay International has enabled card acceptance in 160 countries and regions with issuance in more than 40 countries and regions. UnionPay International provides high quality, cost effective and secure cross-border payment services to the world’s largest cardholder base and ensures convenient local services to a growing number of global UnionPay cardholders and merchants.
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