UnionPay International and Network International Collaborate to Boost e-commerce and Contactless Transactions in the UAE
In line with global trends and in support of the UAE's smart nation drive, UnionPay International and Network International, the prominent payment services carrier in the Middle East and Africa, have extended their partnership to include online and contactless (NFC) settlements across the country.
UnionPay card customers in the UAE could currently make purchases through UPOP (UnionPay Online Payment) at over 500 online sellers of Network International, the UAE's largest merchant acquirer.
The companies have also collaborated on QuickPass, a safe and secure, efficient and rapid contactless payment service by UnionPay, in the UAE, substantially broadening QuickPass' approval reach in the country. The partnership allows UnionPay cardholders to perform contactless payments on all Network International POS terminals using their NFC-enabled chip cards or mobile phones. Network International runs among the largest NFC-equipped POS incurable networks in the UAE and QuickPass acceptance across all 65,000+ Network International terminals is set to be completed throughout 2018.
While cash payments still control in the UAE, the country is seeing a transition to electronic repayment methods, led by UAE government initiatives to provide people and residents innovative digital repayment alternatives. Near Field Communication (NFC) technology is amongst the latest repayment solutions being embraced by banks in the region enabling customers to carry out contactless purchases through cards or mobile phones.
" NFC and ecommerce purchases are rapidly getting energy in the UAE as client confidence in the modern technology expands and smartphone producers and financial institutions are providing even more contactless and online payment services in the marketplace. We are additionally seeing a press at a government level as the nation wants to accomplish Smart City goals that include decreased money transactions. This has caused an impressive boost of contactless and on-line purchases this year and, with the expansion of QuickPass and UPOP in the UAE, we expect the numbers to increase further, said Han Wang, General Manager, UnionPay International Middle East.
UnionPay, the world's largest payment system, and Network International, region's prominent settlement remedies supplier, have formerly worked together to make sure card approval at typical Network International terminals.
" Network International has played a leading role in supporting the UAE's transition to cashless repayments and we are pleased to expand this initiative better through our partnership with UnionPay," stated Samer Soliman, Managing Director - Middle East, Network International. "We are certain that QuickPass acceptance at our POS terminals will certainly aid raise the value of contactless deals in the UAE and are additionally thrilled to sustain UnionPay customers' shopping transactions with local merchants."
PhotoCaption: (Left to right) Samer Soliman, MD Middle East, Network International; Larry Wang, Chief Business Development Officer, UnionPay International; Simon Haslam, Group CEO, Network International; and Han Wang, General Manager, UnionPay International Middle East.
