ANZ has announced that it will accept UnionPay International cards at its EFTPOS terminals across Australia and New Zealand.
The acceptance of UnionPay cards will enhance the service and security for UnionPay International’s five billion worldwide cardholders.
Additionally, ANZ has launched UnionPay QuickPass service to approximately 90,000 ANZ EFTPOS terminals across Australia.
According to UnionPay, all the merchants under ANZ will start accepting UnionPay cards by the end of 2015.
ANZ said that mag-stripe and EMV compliant acceptance will be launched to ANZ’s EFTPOS terminals and ATMs across 11 markets in Asia Pacific from early 2016.
UnionPay International CEO Cai Jianbo said: "We are glad to partner with ANZ and this cooperation will dramatically expand the UnionPay card acceptance footprint in Australia and New Zealand while in the meantime bringing about breakthroughs in innovative payments.
"As the next step, we will work closely with Australian institutions in promoting the cross-border application of innovative UnionPay products and services in a bid to expand the acceptance of QuickPass, improve card-using services and provide UnionPay cardholders with payment experiences that are both secure and convenient."