UnionPay partners with Vaulsys to boost online payments in UAE

Wednesday 29 July 2020 08:40 CET | News

China-based financial services company UnionPay has announced that Vaulsys will becomes a Third Party Service Provider of UnionPay International. 

The two parties will join force to support the UAE's vision to further digitize the payment industry. Vaulsys is deploying its systems across two different continents in 3 locations across Pakistan, Africa and UAE. Through these 3 locations, Vaulsys intends to serve UnionPay cardholders across the Middle East and Africa regions. Vaulsys plans to carry out business in UnionPay card issuance, card acceptance, cross border remittance, QR payment (issuance and acquiring) and online payments via UPOP. 

Vaulsys is known in the banking and payment industry for its products and solutions namely aulPay – POS/ATM/Web switch, VaulCard – Card Management System, VaulPurse – a Wallet Management System, VaulGuard – AML/Fraud Management System, VaulPi – Microservices basd API system, and VaulGate – API Gateway.

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: UnionPay, Vaulsys, UAE, aulPay, POS/ATM, Web switch, VaulCard, Card Management System, VaulPurse, Wallet Management System, VaulGuard, AML, Fraud Management System, VaulPi, API system, VaulGate, API Gateway.
Categories: Payments & Commerce | Online Payments
Countries: India
This article is part of category

Payments & Commerce