News, Education and Events Decoding Digital Payments & Fraud

News, Education and Events Decoding Digital Payments & Fraud

Partnership Enables GlobalCollect Merchants to Accept UnionPay Cards Online – Dec. 8, 2014

Partnership Enables GlobalCollect Merchants to Accept UnionPay Cards Online

Dec. 8, 2014

Partnership Enables GlobalCollect Merchants to Accept UnionPay Cards Online 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.”

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Daniel Leibovitch