UnionPay card ac­cep­tance mak­ing gains

China Daily (Canada) - - FRONT PAGE - By LI NA in Toronto re­nali@chinadailyusa.com

When Cai Jianbo, CEO of UnionPay In­ter­na­tional, pur­chased a shirt us­ing his UnionPay card at Moneris’ mer­chant Brooks Broth­ers, he made the first UnionPay trans­ac­tion at the Toronto flag­ship store.

Moneris So­lu­tions Corp, a provider of pay­ment pro­cess­ing ser­vices, cel­e­brated the trans­ac­tion Mon­day with UnionPay, the world’s largest card­holder group, based in China.

“UnionPay In­ter­na­tional is a very im­por­tant Moneris part­ner,” said Jeff Guthrie, Moneris’ chief sales and re­la­tion­ship of­fi­cer.

UnionPay card ac­cep­tance is seen as help­ing Moneris mer­chants ad­dress the needs of the in­creas­ing num­ber of Chi­nese vis­i­tors to Canada each year. More than 500,000 Chi­nese vis­ited the coun­try on tours, fam­ily vis­its or busi­ness trips last year. China has be­come the largest source of for­eign stu­dents study­ing in Canada, with around 100,000 Chi­nese stu­dents in the coun­try.

Since the end of last year, Moneris has en­abled UnionPay card ac­cep­tance at thou­sands of stores in Toronto, Van­cou­ver, Mon­treal and other ma­jor Canadian cities, cov­er­ing mainly re­tail, tourism, en­ter­tain­ment and other in­dus­tries sup­ported by Chi­nese tourists and lo­cal res­i­dents.

“We are work­ing closely with UnionPay to ex­pand the num­ber of Canadian lo­ca­tions within our mer­chant base that can ac­cept UnionPay cards, to help th­ese busi­nesses dif­fer­en­ti­ate their ser­vices, while pro­vid­ing tourists and vis­i­tors from China with a familiar and con­ve­nient pay­ment method,” Guthrie said.

As over­seas UnionPay card ac­cep­tance ex­pands, it has be­come the pre­ferred pay­ment ser­vice provider for Chi­nese out­bound tourists, the com­pany said. UnionPay cards have been is­sued in more than 40 coun­tries and re­gions.

“The part­ner­ship with Moneris is of great sig­nif­i­cance for UnionPay In­ter­na­tional to ac­cel­er­ate its busi­ness ex­pan­sion in the Canadian mar­ket,” Cai said at the cer­e­mony. “We will ac­cel­er­ate the con­struc­tion of the global UnionPay ac­cep­tance net­work and proac­tively make in­no­va­tions in pay­ment prod­ucts and chan­nels to pro­vide card­hold­ers with more con­ve­nient and ef­fi­cient ser­vices and card-us­ing ex­pe­ri­ences.”

UnionPay also will work even­tu­ally with TD and Global Pay­ment to of­fer cross-bor­der pay­ment for Chi­nese vis­i­tors and over­seas stu­dents.

“Based on build­ing our ac­cep­tance net­work, our goal is to de­velop to be an in­ter­na­tional brand, and UnionPay card can be among the most popular pay op­tions for peo­ple in North Amer­ica.” Cai told China Daily.

Cur­rently, UnionPay cards can be used to with­draw cash in 85 per­cent of ATMs and make pur­chases at nearly 20,000 mer­chants in Canada, in­clud­ing air­port duty-free shops in Van­cou­ver and Toronto as well as jew­elry stores, gift shops, sou­venir shops, lo­cal spe­cialty shops and other places fre­quently vis­ited by tourists.

In ad­di­tion, UnionPay cards also are ac­cepted in chain depart­ment stores, in­clud­ing Holt Ren­frew and Harry Rosen, and at 80 per­cent of high-end brand stores at shop­ping dis­tricts in down­town Van­cou­ver.

LI NA / CHINA DAILY

Cai Jianbo (right), CEO of UnionPay In­ter­na­tional, chats with Jeff Guthrie (cen­tre), Moneris So­lu­tions Corp’s chief sales and re­la­tion­ship of­fi­cer, at a Toronto cer­e­mony on April 20 to cel­e­brate the re­cent sign­ings of Moneris mer­chants who can now of­fer UnionPay card ac­cep­tance to UnionPay card­hold­ers in Canada.

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