Paynetics partners UnionPay International to issue cards in EEA

Wednesday 9 December 2020 11:25 CET | News

Fintech and payment service provider Paynetics has announced a partnership with UnionPay International to issue cards within the European Economic Area (EEA).

The partnership will help Paynetics to extend its reach across Europe for both B2B and B2B2C customers.

UnionPay will enable Paynetics to expand its suite of payment services to a new range of businesses, from established brands to the next generation of startups.

Paynetics will issue UnionPay cards across the EEA, beginning in Q1 of 2021. Businesses and individual account users will have access to a multitude of features including cross-border transactions via secure, multi-currency payment solutions.

Paynetics is a regulated e-money institution which is licensed across the EU and is a Principal Member of Mastercard, Visa, SWIFT, and a member of SEPA. It offers next-generation payment technology solutions with an all-encompassing technology stack under one roof, including issuing, acquiring, payment services, IBANs, money transfers, e-wallets, mobile payments and software POS. 

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Keywords: Paynetics, card issuing, UnionPay, PSP, payment technology, fintech
Categories: Payments & Commerce
Countries: Europe
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