Following this announcement, the deal is expected to significantly increase UnionPay card acceptance across the UK, as well as provide cardholders with a secure and efficient payment experience. This process is set to take place while enabling small and medium-sized enterprises (SMEs) to tap into a vast international customer base as well.
In addition, the partnership will allow UnionPay cardholders to make payments at multiple UK merchants, primarily in the hospitality sector, while also offering Dojo’s merchants the possibility to gain access to global UnionPay users.
The UK’s payment landscape is currently rapidly evolving, as debit card payments now dominate and account for 50% of transactions. In addition, the shift away from cash is expected to continue, reaching 7% of total transaction volume by 2032. As checkout experiences become more customer-centric, businesses and companies are increasingly adopting more simplified, secure, and efficient payment tools to improve customer convenience and streamline operations.
According to the official press release, the collaboration represents an important step in UnionPay’s commitment to providing cardholders with convenient and reliable payment options around the world. The deal with Dojo will also strengthen its presence in the UK, enabling more firms to accept UnionPay and enhancing payment accessibility for global clients. Both companies will continue to focus on meeting the needs, preferences, and demands of customers and users in an ever-evolving market, while prioritising the process of remaining compliant with the regulatory requirements and laws of the industry as well.
In addition, the partnership also marks a significant development in expanding UnionPay International’s footprint in the UK, while aligning with its broader strategy to improve global payment connectivity as well.
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