UnionPayRSS

UnionPay taps Allied Wallet for prepaid launch in Europe

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Allied Wallet, a Los Angeles-based provider of online payment processing, is partnering with UnionPay International to issue a UnionPay-branded prepaid card, the “first ever’ partnership of its kind in Europe, reports Paybefore (Banking Technology‘s sister publication). Allied Wallet, which offers payment solutions in 196 countries, will issue UnionPay prepaid cards for corporate payouts. With the largest […]

Geoswift, UnionPay and Western Union vie for Chinese international tuition payments with Amazon promotion

UnionPay card

As students gear up for back to school, the competition for international tuition payments is heating up. Geoswift, UnionPay and Western Union Business Solutions are offering Amazon gift cards to Chinese students studying in 14 countries that make cross-border tuition payments using Geoswift’s PayTuitionNow portal.

Planet Payment and ACI launch UnionPay’s SecurePlus

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Planet Payment, a provider of international payment processing services, and global processor ACI Worldwide are working together to bring UnionPay International’s SecurePlus solution to merchants eager to accept the Chinese issuer’s debit and credit cards with less customer friction and more currency options. Paybefore (Banking Technology‘s sister publication) reports that SecurePlus offers enhancements over existing solutions […]

Bank of China launches new UnionPay Europe Card

bank of china

SIX Payment Services, Bank of China and UnionPay International have joined forces for a new credit card, targeting Chinese travellers in Europe. The “Europe Card” card is aimed at Chinese consumers traveling to Europe for business or leisure purposes. SIX says as an incentive during the launch phase, cardholders are eligible for up to 5% […]

VocaLink signs ATM deal with UnionPay

The regulator encourages banks to sell their stakes in Vocalink

VocaLink, the payment systems provider, has signed a five-year deal with China’s UnionPay International, which will enable UnionPay cardholders to access ATMs in the UK and continental Europe. Under the deal, VocaLink will provide ATM transaction processing and UnionPay sponsored access. VocaLink says on average, the value of UnionPay card withdrawals from UK ATMs are […]

Samsung Pay launches in China

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Samsung Electronics and China UnionPay (CUP) have launched the mobile payment service Samsung Pay in China. The South Korean firm joins Apple in entering the country, as the US giant launched its mobile payment system in China last month. That was also in partnership with state-owned bankcard association CUP. Samsung Pay currently supports credit and […]

Apple Pay launches in China

Jennifer Bailey, vice president of Apple Pay

Apple has launched its mobile payment system in China today, in partnership with state-owned bankcard association, China UnionPay. The company will face tough competition, but it received good news this week when Industrial and Commercial Bank of China (ICBC) said its customers would be able to use Apple Pay. In an interview with Reuters, Jennifer […]

Should banks consider domestic payments schemes?

John Chaplin 2014

Domestic card schemes have traditionally partnered with MasterCard and/or Visa in an arrangement that leaves the domestic player handling the local transactions and their international partner facilitating and controlling the international business. Should banks work with both or just partner with one of the international schemes?

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