UnionPay International has teamed up with two acquirers in Germany, B+S Card Service and CardProcess, to enable local merchants to accept UnionPay cards in the country.
As per the agreement, the two acquirers will enable over 50,000 local merchants to accept UnionPay cards.
UnionPay said that currently more than 100,000 merchants and 60% of the ATMs accept UnionPay cards in Germany. The collaboration with B+S and CardProcess will considerably enhance the local UnionPay acceptance network.
B+S will enable approximately 40,000 merchants to accept UnionPay cards in addition to the existing 35,000 merchants, while CardProcess will enable 15,000 of its merchants to accept UnionPay cards.
UnionPay International CEO Cai Jianbo said that Europe is significant to UnionPay’s internationalization strategy. At present, UnionPay is making progress in Europe: First, UnionPay’s acceptance environment keeps improving both online and offline, and more types of merchants are accepting UnionPay.
Currently, UnionPay cards are accepted in 38 European countries and regions including Switzerland, Austria and Iceland, the UK, France, Germany, Italy and Spain.