Network International, a leading enabler of digital commerce across the Middle East and Africa (MEA) Region, has signed an agreement with UnionPay International on the acceptance of QR code based payment services.
The agreement signed by Han Wang, General Manager of UnionPay International Middle East and Samer Soliman, Managing Director Middle East, Network International in the presence of SHAO Fujun, Chairman of China UnionPay and Simon Haslam, Group CEO of Network International.
Will see nearly 10,000 merchant terminals in the UAE support UnionPay’s QR code based payment service bringing convenience to UnionPay cardholders who use the ‘UnionPay’ app, the company’s secure, efficient and fast payment service.
The partnership follows UnionPay International’s agreement last year with Network International on acceptance of UnionPay QuickPass, which enabled UnionPay cardholders to conduct contactless payments on Network International POS terminals in the UAE using their NFC-enabled chip cards or smartphones.
China’s multibillion dollar ‘Belt & Road Initiative’ (BRI) has contributed to the country maintaining its position as the UAE’s largest trading partner for several years. 15.95 million Chinese visitors visited the UAE in 2018, according to Dubai Tourism figures, making UnionPay cards an increasingly important tool for payments.
UnionPay cards are currently accepted, online and offline, across the UAE. In 2018, trading volumes of the domestically issued UnionPay cards increased nearly 20% year-on-year.
Currently, all Network POS terminals in the UAE support UnionPay QuickPass, and the new agreement will boost wider acceptance of QR code services among merchants across the UAE.