Business Daily Media

Men's Weekly

.

UnionPay Announces Partnership with Splitit to Bring Flexibility and Simplicity to Payments

  • Written by PR Newswire

SYDNEY, April 13, 2021 /PRNewswire/ -- UnionPay International (UPI) has announced its partnership with Splitit, a leading global monthly installment payments solution provider, bringing the industry-leading Buy Now Pay Later (BNPL) services to 8.1 billion UnionPay cardholders with a flexible, interest-and fee-free payments option.

BNPL has emerged as an innovative payment option among online consumers and Splitit has developed as the main BNPL provider with the largest market share in Australia. Splitit's network of global merchants covers over 30 countries, which allows UPI to meet the increasingly diversified demands of its existing cardholders.

"The cooperation with Splitit is a remarkable milestone for UnionPay to further deepen its cooperation with local partners in the South Pacific region," said Jiangtao Jian, General Manager of UnionPay International South Pacific Branch. "By extending partnerships with local market leaders, we will continue to optimize our business and provide better and more localized services to our customers.

"We are absolutely delighted to partner with UnionPay. By leveraging our merchant network and global reach, we are happy to provide a more accessible and flexible payments option for consumers who hold UnionPay cards," commented Brad Paterson, CEO of Splitit.

The BNPL option is added inside the merchants' website as an integrated payments gateway, where customers will be able to choose a BNPL payment option at the checkout with their existing UnionPay Cards.

About UnionPay International

UnionPay International (UPI) is focused on the growth and support of UnionPay's global business. In partnership with more than 2400 institutions worldwide, UnionPay International has enabled card acceptance in 180 countries and regions with issuance in 68 countries and regions. UnionPay International provides high-quality, cost-effective, and secure cross-border payment services to the world's most extensive cardholder base. It ensures convenient local services to a growing number of global UnionPay cardholders and merchants.

Related Links www.unionpayintl.com[1]

References

  1. ^ www.unionpayintl.com (www.unionpayintl.com)

Read more https://www.prnasia.com/story/archive/3340567_AE40567_0

AWS research shows strong AI adoption momentum in Australia, with startups outpacing large enterprises in innovation

Amazon Web Services (AWS), an Amazon.com company, released new research revealing that while artificial intelligence (AI) adoption continues to acce...

Changing the World One Bite At a Time: IKU Turns 40

One of Australia’s first plant-based, chef-led eateries and now ready meal provider IKU is celebrating its 40 year anniversary with the business e...

Three generations marking 45 years in hot-air balloons

Australia’s leading hot-air balloon company is celebrating 45 years in the sky and its 700,000th passenger, driven by the passion of father-son du...

Workplace DMs, Reinvented: Deputy Messaging, Purpose-Built For Shift-Based Teams

Deputy, the global people platform for shift-based businesses, has launched Deputy Messaging, a fully integrated, real-time communication tool designe...

Revolutionizing Fulfillment: How Virtual Warehousing is Changing the Game?

The e-commerce landscape is evolving more rapidly than ever, and the way businesses are managing their fulfillment is also revolutionizing. At the...

SME lender Dynamoney welcomes new CEO, Brett Thomas

Strengthens growth ambitions and signals expanded offering Dynamoney, a leading commercial finance provider for Australian SMEs,  has today appoint...

Sell by LayBy