According to the press release, UnionPay International will be integrating Splitit to make it available to its network. This will give UnionPay cardholders and those accepting UnionPay the opportunity to use Splitit’s instalment payments product.
Furthermore, the UnionPay global acceptance network has expanded to 180 countries and regions, covering over 55 million merchants. Outside the Chinese mainland, UnionPay is accepted at over 32 million merchants. To date, over 9 billion UnionPay cards (debit and credit) are issued in 68 countries and regions, among which over 150 million are issued outside mainland China.
Consequently, thanks to the partnership, all UnionPay credit cardholders will be able to use Splitit’s interest-free instalment payment option at any merchant offering Splitit from June 2021.
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