FMPay to support China's UnionPay cards through new partnership

Friday 14 January 2022 15:07 CET | News

China-based bankcard scheme finance giant UnionPay has partnered with UK-based payments provider FMPay to accept UnionPay affiliated cards starting Q1 of 2022.

FMPay is authorised and regulated by the Financial Conduct Authority (FCA) of the UK and is a provider of an acquiring platform dedicated to merchants around the globe. It offers acquiring in 63 currencies and the most popular card issuers, including Mastercard and Visa.

At the same time, UnionPay provides qualitative, cost-effective, and secure cross-border payments services in China and abroad. Its cards are accepted in 180 countries globally and are also supported by some of the most popular digital wallet providers, including Samsung Pay, Apple Pay, and Huawai Pay.

UnionPay offers secure payments through different levels of security and risk monitoring and its app can be used outside mainland China, with a customer base exceeding 400 million users. Its complete mobile payment services – UnionPay mobile, Quick Pass, and UnionPay QR code payment are available in 94 countries and regions.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: partnership, UnionPay, FCA, payment processing, card scheme, regulation
Categories: Payments & Commerce
Companies: FMPay, UnionPay
Countries: World
This article is part of category

Payments & Commerce




Discover all the Company news on FMPay and other articles related to FMPay in The Paypers News, Reports, and insights on the payments and fintech industry:

Industry Events