Thursday, 17 December 2015
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UnionPay International (UPI) a subsidiary of China UnionPay (CUP), the largest bank card services provider in China, has entered into an acquiring partnership with Smart2PayTM, the company with the world's largest coverage of online alternative payment solutions. Under the agreement, Smart2PayTM is becoming an acquirer for the UnionPay Network and will be able to conduct the e-Commerce UnionPay Card program.

Smart2PayTM becoming acquirer for UnionPay allows for optimization of the Merchant boarding process and complete coverage of the available UnionPay countries. With the deal Smart2PayTM will allow Customers to pay Merchants with their UnionPay card using their preferred currency while Merchants receive settlement in their preferred currency.

James Flinterman, CEO of Smart2PayTM: We are extremely pleased with the partnership with UnionPay International, bringing a new payment processing solution for our Merchants around the world. With China being such an important region for e-commerce the partnership strengthens our presence on the global payments market. Hereby continuing to support our Merchants aggressive expansion strategies in an ever-changing e-commerce environment.

About UnionPay International

UnionPay International (UPI) is a subsidiary of China UnionPay focused on the growth and support of UnionPay’s global business. In partnership with more than 400 institutions worldwide, UnionPay International has enabled card acceptance in over 150 countries and regions with issuance in more than 40 countries and regions. UnionPay International provides high quality, cost effective and secure cross-border payment services to the world’s largest cardholder base and ensures convenient local services to a growing number of global UnionPay cardholders and merchants.

For more information about UnionPay International, please visit: http://www.unionpayintl.com/en/.

About Smart2PayTM

Smart2PayTM is offering local payment services to international Merchants since 2002, covering more than 70 countries worldwide! By adding local payment methods to your ecommerce site, you will boost your sales significantly, by offering the preferred local method of payment to your Customers!