Wirecard, UnionPay to expand global partnership

Monday 16 September 2019 00:09 CET | News

Wirecard has signed an MoU with UnionPay to support UnionPay’s international expansion and Wirecard’s growth in China and with Chinese businesses.

The cooperation will focus on expanding the global acceptance of UnionPay as a digital payment method across all channels. In addition, the partnership will launch a number of issuing projects, including corporate solutions such as payout products and SCP (Supplier and Commission Payments), and digital wallets for incoming tourists to China.

The initial stage of the partnership will focus on launching additional projects in APAC, Europe and the US. Point of sale and issuing solutions will merge with the existing online payment business. Additionally, a consumer solution for the upcoming 2022 Winter Olympics in Beijing is being planned.

For more information about Wirecard, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

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Keywords: Wirecard, UnionPay, card, China, payment method
Countries: World