UK payment platform enters into agreement with UnionPay

PPRO gets access to cross-border trade with the Chinese B2C e-commerce market, valued at $1 trillion

PPRO and UnionPay

UK payment platform enters into agreement with UnionPay. Source: shutterstock.com

PPRO announced to have become a direct acquirer for UnionPay International. It enables PPRO’s payment service providers and their European merchants to accept e-commerce payment from the shoppers using UnionPay.

As to PPRO’s benefits, it covers acquiring, processing and funds collection all under one contract, one integration, and one settlement. What is more, it supports processing and settlement for UnionPay in 11 currencies.

Customers get faster on-boarding, transaction settlements, and funds collection. In addition to that, they benefit from refunds and improved conversion rates.

From now on, PPRO will be able to take full end-to-end management of UnionPay to market, providing better support and higher security.

The Chinese e-commerce market is growing at a rate of 19% a year on average, representing a huge opportunity for international merchants. With an average spend of $1,934.72 a year per consumer, merchants can’t afford to ignore the Chinese e-commerce market any longer. Through PPRO’s new partnership with UnionPay International, it is now easier than ever for EU merchants who sell internationally to take their first step selling to Chinese consumers
Jack Ehlers, Director of Product, Payment Networks, and Business Development at PPRO

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