Partnership Enables GlobalCollect Merchants to Accept UnionPay Cards Online
Dec. 8, 2014
GlobalCollect, the Dutch PSP acquired by Ingenico in July , has become a worldwide acquirer for Chinese card network UnionPay. Under the agreement, GlobalCollect e-commerce merchants now can accept UnionPay payments from 4.5 billion cardholders around the world. China, and its enormous e-commerce consumer base are increasingly important to global merchants, highlighted by the worldwide attention garnered last month when Singles Day in China eclipsed Black Friday and Cyber Monday combined in e-commerce sales.
“E-commerce is booming in China and across Asia Pacific, with Chinese consumers in particular increasingly shopping for international brands. This is driving a boom in cross-border commerce to China and creates huge opportunities for GlobalCollect merchants,” said Mark Patrick, general manager of Asia Pacific at GlobalCollect. “GlobalCollect represents the top tier of international e-commerce merchants, and with this partnership in place, we can now help these merchants expand their regional footprint and connect with millions of consumers from China and beyond.”