China UnionPay’s international business arm has teamed up with Belt and Road Initiative countries in a bid to build an interconnected payment network within the region and support personnel exchanges.
UnionPay International signed agreements with five mainstream institutions from Indonesia, Laos, Thailand, the UAE and Uzbekistan in Beijing to boost cooperation in traditional and digital issuance of UnionPay cards as well as the construction of local bank card payment networks. This is an important step in localizing overseas business, the Shanghai-based company said.
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SOURCE: SHINE
