UnionPay Jazzes-Up Credit Card Perks at 100+ Airports Globally

China’s UnionPay is upgrading its perks at 100 airports worldwide, providing discounts and services at various types of merchants including duty free shops, catering stores, souvenir shops, VIP lounges, Wifi rental and airport shuttle buses. Until February 28, 2018, UnionPay cardholders can enjoy exclusive privileges and value-added services at more than 100 international airports across…

Chinese Messaging & e-Commerce Platforms Power Digital Payments to the Stratosphere

Alipay and WeChat Pay enabled a gargantuan US$2.9 trillion in Chinese digital payments last year, representing a 20-fold increase in the past four years. This shift could increase GDP across developing economies by 6% by 2025, adding US$3.7 trillion and 95 million jobs. The new report by the UN-based Better Than Cash Alliance, Social Networks,…

Turkish Airlines Joins 35 International Airlines Accepting China’s UnionPay

UnionPay reports the official website of Turkish Airlines accepts UnionPay and the website of AirAsia support multi-currency payment with UnionPay cards. So far, 35 international airlines outside mainland China support online ticket booking with UnionPay cards, and many also provide exclusive offers for UnionPay cards. Recently, UnionPay International has reached cooperation with two more internationally…

UnionPay’s X-Border Marketing U Plan Adds China Everbright Bank

China Everbright Bank is now deploying U Plan, the cross-border marketing service platform launched by UnionPay International. From now on, customers may get exclusive U Plan coupons via the mobile app of CEB credit cards. Shopping at merchants outside mainland China, customers are able to enjoy the highest discount available by presenting the coupon and…

Concur & China Datacom Target Travel Expense Management Market

SAP’s Concur inked a strategic partnership with China DataCom (CDC), a joint venture between SAP and China Communications Services. Concur is the world’s leading provider of integrated travel and expense management solutions, is the only travel and expense provider in China capable of supporting multinational companies. This supports Concur’s ongoing China Expansion Plan which places…

Lane Crawford Perks-Up China UnionPay Platinum & Diamond Cards

UnionPay International inked a deal with Lane Crawford, a renowned upmarket department store, in offering exclusive privileges for UnionPay platinum and diamond cards at the Lane Crawford physical stores and online flagship store. It is the first time that Lane Crawford offers long-term privileges for bankcards of a specific brand. So far, more than 5.8…

German Acquirers Expand UnionPay Acceptance

China-based UnionPay has inked a deal with two major acquirers in Germany, B+S Card Service and CardProcess. The two institutions will enable more than 50,000 local merchants to accept UnionPay cards, raising UnionPay’s merchant coverage from the current 30% to 50%. UnionPay’s acceptance footprint in Europe has expanded rapidly. Now, 38 European countries and regions…

MasterCard Teams with Shanghai Free Trade Zone

MasterCard inked an inaugural strategic partnership in the Shanghai Free Trade Zone (SFTZ) where MasterCard will be the global network and payment technology provider for a revolutionary commodities trading platform. The Cross-Border Commodities Financial Services Platform is a pioneering effort by COMMIN, ValuePay and MasterCard, supported by MasterCard’s key banking partners including DBS Bank, CIMB…

Six FIs in Asia-Pacific Adopt the UnionPay Chip Card Standard

Six FIs in Asia-Pacific Adopt the UnionPay Chip Card Standard

UnionPay confirms its chip card standard licensing cooperation with seven member institutions of Asian Payment Network (APN). With this cooperation, the major switch networks in Singapore, Thailand, South Korea, Malaysia, Indonesia and the Philippines will adopt UnionPay chip card standard in card acceptance and card issuance. UnionPay acceptance network has expanded to 160 countries and…