Paynetics AD has announced a partnership with China UnionPay subsidiary, UnionPay International.
In Brief:
China UnionPay is the international card scheme with the world’s largest cardholder base.
The partnership means Paynetics can issue cards within the European Economic Area (EEA).
Paynetics will target both B2B and B2B2C customers across Europe.
What does this mean?
Back in October, Paynetics deployed its mobile wallet solution to its first bank, and this new milestone means it can expand its business across Europe. It’s already a principal member of Mastercard, Visa and SWIFT.
