UnionPay International and Vaulsys announced their partnership to boosts online payments.
Vaulsys is deploying its systems in 3 Pakistan, Africa, and UAE to serve UnionPay cardholders across the Middle East and Africa.Through these 3 locations, Vaulsys intends to serve UnionPay cardholders across the Middle East and Africa regions.
“We are very excited to be a TPSP agent of UnionPay International,” said Usman Qureshi, CEO, Vaulsys. “Teaming up with UnionPay International to provide access to UnionPay cards and digital payments is an exciting development for our company and will enable us to bring further value to our products and customers in the MEA region.
This development will also support SME businesses who have been impacted by the Covid-19 pandemic to launch their digital payment products and solutions in a cost efficient manner. Our headquarters are based in UAE and the domestic hosting and processing of card payment transactions will also help the domestic economy to boost back.”
“UnionPay is committed to providing secure and seamless payment experiences to our cardholders worldwide. We believe this partnership will drive further growth of the payment ecosystem and bring more benefits to the customers, merchants in the MEA region,” said Han Wang, General Manager of UnionPay International Middle East Branch.
Besides, the company aims to carry out business in UnionPay card issuance and acceptance, cross-border remittance, QR payments, and online payments via UPOP.
This partnership will also support SME businesses that have been impacted by the Covid-19 pandemic to launch their digital payment products and solutions.
