(22 September 2017 – Europe) Allied Wallet, a Los Angeles-based provider of online payment processing, has announced a partnership with UnionPay International to issue a UnionPay-branded prepaid card, the “first ever’ partnership of its kind in Europe.
The US company, which payment solution presence in 196 countries, will issue UnionPay prepaid cards for corporate payouts.
Accepted across 162 countries, UnionPay boasts one of the world’s largest card base and percentage of global spend among all global networks. The firm states that more than 42 million merchants and 1.3 million ATM machines outside China accept its payment cards.
“We see an opportunity here to not only benefit Chinese payees who live and work in Europe, but also an opportunity to benefit all payees who need a reliable method of accessing their funds and transacting online,” says Allied Wallet Founder and CEO Dr. Andy Khawaja.
Within 12 months of Allied Wallet’s launch in Q1 of 2018, Allied Wallet projects more than one million UnionPay branded, Allied Wallet prepaid debit cards will be issued.