South Korea’s Hyundai Card has inked a deal with China’s UnionPay International to issue 12 types of UnionPay card products. All major card issuers in South Korea offer UnionPay cards. BC UnionPay China Pass Debit Card is the first UnionPay card issued in South Korea.
Visa Europe has reached critical mass for V.me by Visa acceptance in the UK. Currently, 55% of the UK’s issuance base, or 60 million cardholders plus thousands of UK’s retailers are in place to commercially rollout V.me by Visa at scale in the UK this year.
Lugano-based Cornèr Bank has inked a deal to acquire Diners Club Italia and Dinit from Discover Financial Services. Diners Club Italia is the Diners Club International licensee for Italy, San Marino and Vatican City and Dinit is a Diners Club card transaction processor in Slovenia.