UnionPay and Nets to expand contacless acceptance across Nordic region

Tuesday 23 November 2021 11:12 CET | News

China-based card scheme UnionPay has announced it signed a new market development agreement with Denmark-based payment service provider Nets.

The agreement will enable UnionPay contactless acceptance throughout Nets’ Nordic merchant portfolio, adding on top of the existing over 100,000 POS terminals in Denmark, Sweden, and Norway. Further, UnionPay acceptance will be extended to more than 6,000 ATMs, resulting in almost full ATM acceptance across the entire Nordic region. UnionPay and Nets also expect to reach a new agreement to extend UnionPay’s existing POS merchant acceptance rate in Finland.

As international travel recovers, UnionPay cardholders visiting the Nordics will be able to use their card or mobile phone to pay at POS terminals by contactless and complete the payment swiftly and securely. The Nordic region has been an increasingly popular destination for UnionPay cardholders in recent years, welcoming over 1.5 million in 2019.

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Keywords: UnionPay, Nets, partnership, credit card, debit card, contactless payments, expansion
Categories: Payments & Commerce
Countries: Denmark
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