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PayPal partners UnionPay International to merge their growth network strategies

Thursday 23 January 2020 12:42 CET | News

UnionPay International and PayPal have announced a global partnership where both companies will work together to accelerate the growth of their networks.

As part of the agreement, PayPal has committed to supporting UPI acceptance globally where PayPal is accepted – giving UnionPay cardholders more choice when shopping. In the future, UPI will explore opportunities to support PayPal's merchant and consumer needs in China.

UnionPay cards can now be added to PayPal wallets in Australia, Philippines, Singapore, South Korea and Thailand. During 2020, PayPal and UPI plan to add more than 30 markets, which means that once a UnionPay card is added to the PayPal wallet these cardholders will have the ability to shop at any of the 24 million merchants globally where PayPal is accepted via the PayPal wallet.

As part of the agreement, PayPal and UPI have also committed to collaborating to better serve joint customers and merchants to grow digital payments in China and globally. This will include the opportunity for PayPal customers from around the world to use PayPal at the merchants where UnionPay is accepted.

The global partnership also includes a commitment from both companies to create joint customer awareness campaigns to "Pay with UnionPay" at PayPal merchants worldwide.

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Keywords: UnionPay, PayPal, e-wallet, payment methods, card acceptance
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce