Chinese tourists are flocking to the Czech Republic and the transaction volume of UnionPay cards in the Czech Republic has achieved a year-on-year growth of over 100% in the first three quarters of this year. Over 90% of duty-free shops at Prague Airport, the biggest international airport in the Czech Republic, accept UnionPay cards.
Mobilio Protection now offers independent wireless retailers the convenience of a low price prepaid protection plan covering new, refurbished and pre-owned devices distributed via the epay WebPOS distribution portal.
Netherlands-based European payments provider CCV is now using Authentic, an intelligent payments platform from NCR’s Alaric. CCV plans to implement Authentic across Europe to support a new state-of-the-art payments processing solution it has developed for its customers, due to go live in December 2015.
Although Greece is in the debt dumpster and China’s UnionPay (CUP) is afraid of Visa’s and MasterCard’s entry into China next year, CUP has accelerated cooperation with multiple mainstream institutions and acceptance coverage of UnionPay cards reached 60% and 40% for ATMs and merchants respectively, basically encompassing places frequently visited by tourists.
Scandinavian Airlines will formally accept online ticket purchase of UnionPay cards before the end of the summer. It will join hands with many European airlines like Air France, KLM Royal Dutch Airlines, Deutsche Lufthansa, Finnair, LOT Polish Airlines, and Ukraine International Airlines to accept UnionPay.
China’s UnionPay International and Germany’s CAISSA Touristic have teamed to conduct all-round cooperation in overseas travel of Chinese tourists, including incentives to overseas card use and naming tourism groups of popular travel routes.
Transactions via UnionPay cards in European markets has witnessed an increase of over 50%, countries like Italy, German and France are favored by Chinese tourists.
China UnionPay (CUP) inked a deal with Deutsche Bank and its ATM service provider EVO to enable UnionPay card acceptance by all the ATMs under Deutsche Bank in Germany.
The UK’s Optimal Payments (OPAY) has hooked up with San Francisco-based Boku technology. This will be offered through the NETELLER service: a fast, simple, secure platform for businesses and individuals to move money online. NETELLER customers can now top-up their stored value accounts by charging the purchase amount for goods and services directly to their mobile phone bill.
Spain’s largest bankcard transaction switching network ServiRed and its member Bankia have inked a deal with China’s UnionPay International to enable the acceptance of UnionPay cards by all the ATMs and merchants under Bankia.
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.
A recent survey found global financial services industry executives are increasingly required to do more instant decision making. Three out of four respondents said they process immediate payments of one kind or another, and this number will grow as projects underway in countries such as Australia are implemented and planning progresses within Europe’s SEPA framework and the U.S. Federal Reserve.