Across-the-board acceptance in the European market in their sights
Eschborn, 2 November 2017. International bankcard scheme UnionPay is strengthening its presence in the European market. The Chinese company has now entered into a sales partnership with Concardis to do so. The Eschborn-based full-service payment provider will be the driver of expansion for the UnionPay acceptance network. In addition to stationary POS operations in Europe, particular focus will be on European m-POS and e-commerce, where UnionPay has recently introduced SecurePlus – a particularly safe online payments solution that relies on mobile TANs. Concardis is the only payment provider in German-speaking Europe certified for SecurePlus.
‘Especially the German-speaking countries are an attractive market for UnionPay. Our focus is on the acceptance network. UnionPay acceptance offers a large potential for merchants and the opportunity to tap into the customer segment of high-spending travellers. Concardis is the perfect partner for the expansion of our presence in retail,’ says Robert Komatz, Head of Germany and Austria at UnionPay International.
‘We have long been supporting UnionPay at the stationary point of sale, since last year even throughout Europe. Now we are also integrating the credit card brand solidly into our new e-commerce platform Payengine, which helps us enable all of our customers to expand their payment portfolio with one of the most important and fastest-growing credit card brands around the world. For many merchants, this will be a decisive factor for their business – especially in online retail with customers in Asia,’ says Marcus W. Mosen, CEO of Concardis.
Thanks to the increasing number of tourists from Asia, acceptance of UnionPay is already essential to the merchants in German-speaking Europe. Since 2012, the Chinese have been the world champions of travel. Last year, 2.6 million Chinese tourists stayed overnight in Germany alone.
UnionPay is becoming increasingly popular even outside of Asia: It is the fastest-growing bankcard brand worldwide. Today the brand has the world’s largest cardholder base with more than 6.3 billion UnionPay cards which are accepted in 162 countries and regions at 42 million merchants and 2.4 million ATMs.
About UnionPay International
UnionPay International (UPI), a subsidiary of China UnionPay, focuses on international business. In partnership with more than 1,700 institutions worldwide, UnionPay International has extended its card acceptance to 162 countries and regions globally with issuance in 42 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 localized services to a growing number of global UnionPay cardholders and merchants.