UnionPay International has collaborated with a Mexico-based issuer Cuallix to issue its first international payment card in the country over the next three months.
The partnership will allow the issuance of UnionPay prepaid cards and credit cards that can be used in UnionPay’s global acceptance network in 157 countries.
UnionPay said that over 80% of ATMs and 100,000 merchants in Mexico accept UnionPay cards, which covers airports, coach stations, supermarkets, shopping malls, and tourist attractions frequently visited by tourists.
China UnionPay president Shi Wenchao said: "Since UnionPay’s presence in Mexico in 2006, we have kept enhancing our cooperation with local mainstream institutions. On the one hand, we keep expanding the local usage channels of UnionPay cards to satisfy the card using demands of UnionPay cardholders visiting Mexico.
"On the other, drawing on our experience in product and service development, we keep developing tailored products for local institutions and clients, and seek for the opportunities for large-scale card issuance.
"UnionPay and Cuallix share commonality in business development in Latin American. Therefore, we decide to start our cooperation in Mexico, and further extend our card issuance cooperation to other Latin American countries and regions, making UnionPay cards a payment option favored by regional residents."