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PPRO, UnionPay join forces to offer EU merchants access to Chinese shoppers

Friday 28 February 2020 12:35 CET | News

Local payments platform PPRO has become a direct acquirer for UnionPay International, a card scheme in terms of card issuance. 

As part of the agreement, PPRO’s payment service providers and their merchants in Europe will be offered the ability to accept ecommerce payment from the shoppers who use UnionPay as their preferred payment method. By opening up access to cross-border trade with the Chinese B2C ecommerce market, PPRO proves that this is a move which signals the strategic importance of the APAC region to the company.

With UnionPay’s addition, PPRO’s offering covers acquiring, processing, and funds collection all under one contract, one integration, and one settlement. Moreover, the company supports processing and settlement for UnionPay in 11 currencies, and it provides customers with faster onboarding, transaction settlements, and funds collection. It also refunds and facilitates conversion rates. PPRO will now be able to take full end-to-end management of UnionPay to market, offering support and security.

 


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Keywords: PPRO, partnership, UnionPay, EU, merchants, China, shopping, cross-border, B2B, ecommerce, onboarding, transactions , security, payment method
Categories: Payments & Commerce | Ecommerce
Countries: Europe
This article is part of category

Payments & Commerce