UnionPay International and East African financial services firm I&M Bank have announced on 31st of October, the partnership, that provide online access to UnionPay cardholders across Kenya, Tanzania and Rwanda. This new service has been facilitated by iVeri Payment Technologies direct integration to UnionPay Online Payment (UPOP). iVeri will also now make this integration available to its card acquiring customer base across Africa.
The move will bring increased convenience to UnionPay cardholders transacting in Africa, especially through I&M Bank’s network of E-commerce merchants.
UnionPay cardholders are now able to securely transact online, especially in the tourism and hospitality industry across the entire East Africa Region.
This collaboration between the three partners will further ensure smooth online payment between China and Africa, offering stronger support for China-Africa trade and personnel exchanges.
Mr. Luping Zhang, UnionPay International Africa Branch General Manager, sees the completion of this project as “another milestone in UnionPay’s expansion in East Africa”. He further states that “in addition to the constant improvement of our acceptance network and local card issuance, UnionPay international is also collaborating extensively with local institutions across the continent”.
iVeri has Acquiring Banks in 11 African and Middle Eastern countries that use its gateway to provide their merchants with multi-channel card acceptance. This integration with UnionPay will enable iVeri to enhance the acceptance offering and provide further value to its customers.
In partnership with more than 2000 institutions worldwide, UnionPay International has enabled card acceptance in 174 countries and regions with issuance in 55 countries and regions. To date, more than 7.5 billion UnionPay cards are issued in 55 countries and regions, among which over 120 million are issued outside mainland China.
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 adopting UnionPay payment service.