BankservAfrica becomes UnionPay International card processor
In an exciting new partnership, BankservAfrica has joined forces with UnionPay International, becoming the official card processor for the renowned payment network.
UnionPay International, a subsidiary of China UnionPay, is a leading global payment provider with a presence in over 180 countries and regions. Their extensive network allows cardholders to make transactions at millions of merchants worldwide, making them a preferred choice for both local and international travelers.
BankservAfrica, a South African-based payments clearing house, has been selected to process UnionPay transactions in the country, further cementing its position as a key player in the African financial services industry.
This collaboration signifies a significant milestone for BankservAfrica as it expands its services portfolio to include UnionPay card processing. With the increase in international travel and trade, the demand for secure and seamless cross-border payment solutions is on the rise.
Through this partnership, BankservAfrica aims to enhance the payment experience for UnionPay cardholders in South Africa, ensuring faster, reliable, and convenient transaction processing. As a trusted and reliable payment processor, BankservAfrica’s expertise in handling high volumes of transactions will further strengthen UnionPay’s position in the South African market.
With the implementation of the UnionPay card processing system, BankservAfrica is focused on providing a seamless payment experience across various industries, including retail, hospitality, and e-commerce. This partnership aims to stimulate economic growth by promoting increased card usage and driving financial inclusion.
Furthermore, BankservAfrica’s collaboration with UnionPay International aligns with South Africa’s efforts to foster stronger trade relationships with China and other countries within the UnionPay network. It creates new opportunities for businesses and merchants to tap into a vast customer base, facilitating growth and prosperity for both nations.
All parties involved are optimistic about the potential benefits this partnership brings. By facilitating secure and efficient transactions, BankservAfrica and UnionPay International aim to improve financial accessibility, promote economic development, and strengthen the global network of payment providers.
As BankservAfrica assumes its role as the official card processor for UnionPay International in South Africa, it stands poised to harness the power of digital payments and contribute to the advancement of the local financial landscape.