Andorra, renowned for its skiing and scenic beauty, attracts millions of tourists annually, drawn to destinations like Grandvalira, a prominent European ski resort. This development allows international tourists from Spain, France, and beyond, as well as local residents, to utilize UnionPay cards for cashless transactions across the country.
The initiative is anticipated to increase customer foot traffic and bolster Andorra's appeal as a tourist destination. UnionPay's widespread acceptance offers visitors the convenience of using their preferred payment method while engaging in activities such as skiing, shopping, or dining.
Representatives of UnionPay expressed optimism about the partnership's potential to attract more visitors to Andorra and streamline payment experiences with UnionPay cards. MoraBanc representatives emphasized the agreement's alignment with the bank's commitment to providing clients with value-added products and services, citing its positive impact on Andorra's commercial and tourism sectors.
UnionPay International's expansion into Andorra underscores its dedication to enhancing global tourism and simplifying payment processes for travellers worldwide.
MoraBanc Group, a family-owned Andorran financial institution, offers wealth management services through its various entities, including banking, asset management, and insurance, operating in Andorra, Spain, Switzerland, and the US.
UnionPay International (UPI) facilitates UnionPay's global business expansion by enabling card acceptance in 183 countries and regions, with issuance in 82 countries and regions. UPI aims to provide secure and convenient payment solutions to a vast cardholder base worldwide.
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