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Fintech & Ecommerce

UnionPay expands in the Middle East and Africa

Jul 29, 2020

Both companies will join forces to support the UAE’s vision to further digitize the payment industry

UnionPay Middle East

UnionPay expands in the Middle East and Africa. Source: unsplash.com

UnionPay boosts online payments to the UAE through a new partnership with Vaulsys, a payment options provider.

Vaulsys is deploying its systems in 3 Pakistan, Africa, and UAE to serve UnionPay cardholders across the Middle East and Africa.

Besides, the company aims to carry out business in UnionPay card issuance and acceptance, cross-border remittance, QR payments, and online payments via UPOP.

This partnership will also support SME businesses that have been impacted by the Covid-19 pandemic to launch their digital payment products and solutions.

UnionPay is committed to providing secure and seamless payment experiences to our cardholders worldwide. We believe this partnership will drive further growth of the payment ecosystem and bring more benefits to the customers, merchants in the MEA regionrn
Han Wang, General Manager of UnionPay International Middle East Branch

We’ve reported that Uber has announced the acquisition of Careem for $3.1 billion. The company has become a wholly-owned subsidiary of Uber, preserving its brand. Careem and Uber will operate their respective regional services and independent brands.

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