UnionPay International partners ACI Worldwide to expand globally

Partnership will help UnionPay International roll new products, services and payment technology rapidly to the market.

UnionPay International is partnering global payment service provider ACI Worldwide to expand its business overseas.

The new partnership will help China UnionPay, with more than 7 billion card users, to speed up global expansion and bring convenience to users for paying cross-border shopping, education and tourism services, both sides said on Wednesday.

Nasdaq-listed ACI Worldwide, which offers payment service for 5,100 organizations including professional finance firms, will help increase UnionPay International’s acceptance globally and help it to roll out a range of new products, services and payment technology rapidly to the market.

“It makes us quickly expand the acceptance of key global online merchants. Relying on the open system architecture of ACI, the rollout of UnionPay’s innovative products will be further accelerated,” said Cai Jianbo, chief executive of UnionPay International,

In the initial stage of the tie-up, both firms will sign on several hundred merchants globally to accept payments for finance, air transport, hotels, e-commerce, retail and supermarket purchases using UnionPay.

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