The agreement will enable Wirecard Group to provide its Asian business clients an added value with regards to the availability of further payment methods and when it comes to opening up new markets. As a next step, the cooperation with UnionPay will be extended to include Europe.
UnionPay processes payments between banks of merchants and the card issuing banks or credit unions of the purchasers who use the ‘UnionPay’ brand credit, debit and prepaid cards.
Wirecard CFO Burkhard Ley said that the organization is delighted to have China UnionPay, one of the fastest growing organizations in Asia, as partner.
"With our interlinked European and Asian merchant acquiring services on offer, we will further expand our international positioning in this field," Ley said.
