UnionPay Chooses WorldPay to Enable Online Merchants to Sell in China
March 6, 2012
WorldPay, the London-based payment processor, has partnered with China UnionPay to become the Chinese card issuer’s biggest acquirer outside of China for e-commerce UnionPay transactions. The agreement calls for WorldPay become the first UnionPay online payment acquirer in the U.S. and most of Europe and will enable merchants to sell directly to consumers in China and UnionPay cardholders outside of China.
“China is rapidly overtaking many nations to become one of the biggest spending powers in the world,” said Ron Kalifa, CEO of WorldPay. “The announcement today between WorldPay and China UnionPay is incredibly significant for merchants that want to sell to China online. E-commerce has removed geographical boundaries, opening up the opportunities for merchants to sell to consumers regardless of country or origin. WorldPay is now able to make this a reality for merchants that want to sell to China, opening up a lucrative market.”
UnionPay said it is stepping up efforts to better meet the demand of cross-border transactions through cooperation with partners to further improve its acceptance network and services overseas.