Fintech & Ecommerce

Stripe and UnionPay International expand their partnership

Stripe’s partnership with UPI complements its existing Alipay and WeChat Pay integrations

Stripe

Stripe and UnionPay International expand their partnership. Source: stripe.com

Stripe has deepened its partnership with China’s UnionPay International, one of the world’s largest payment networks.

The integration will enable businesses in over 30 markets, including Australia, Singapore, Hong Kong SAR, Canada, the US, the UK, as well as across the EU, to:

  • securely accept payments from billions of UnionPay cardholders globally
  • offer localized and flexible checkout experiences for consumers by facilitating transactions in Chinese Yuan and multiple global currencies
  • automate processes to manage refunds and customer disputes
  • manage payments, reporting, and payouts across all of Stripe’s products via a single powerful interface: the Stripe dashboard
Stripe is a perfect partner for us to help merchants around the world connect with UnionPay cardholders globally. The partnership also dramatically increases opportunities for these merchants to enter the Chinese and Asia-Pacific e-commerce market. Our billions of UnionPay cardholders can now conveniently and confidently use their preferred payment method with an ever-increasing number of merchants across the world
Bomee Sheng, Product Director of UnionPay International

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