Wirecard Bank to Cooperate With China UnionPayBy Wirecard Ag, PRNE
Wednesday, February 23, 2011
Online Acquiring License for Wirecard Bank
MUNICH and GRASBRUNN, Germany, February 24, 2011 - Wirecard Bank AG and China UnionPay Co., LTD, Shanghai (hereinafter
referred to as UNIONPAY) have signed a license agreement for online merchant
This cooperation will enable Wirecard Group to provide its Asian business
clients a further substantial added value with regards to the availability of
further payment methods and when it comes to opening up new markets. As a
next step, the cooperation with UNIONPAY will be extended to include Europe.
"We are delighted to have China UnionPay, one of the fastest growing
organizations in Asia, as our partner," says Burkhard Ley, CFO at Wirecard
AG, adding: "With our interlinked European and Asian merchant acquiring
services on offer, we will further expand our international positioning in
UNIONPAY processes payments between banks of merchants and the card
issuing banks or credit unions of the purchasers who use the "UnionPay" brand
credit, debit and prepaid cards.
To learn more about UNIONPAY and its benefits for international
merchants, please visit www.wirecard.com/unionpay.
UnionPay is the only National Bankcard Association in China.
As of end 2010, UnionPay has a membership of more than 400 member banks and
non-bank financial institutions. Since it was founded in 2002, UnionPay has
issued more than 2.38 billion bank cards through its members. Riding on the
exponential growth of the Chinese economy, Total transaction amount switched
by UnionPay network in 2010 exceeded RMB 11,200 billion, a year-on-year
growth of 46%. Today, all bankcard issuers in China are members of UnionPay
and UnionPay cards are accepted in 104 countries and regions.
Wirecard AG is one of the leading international providers of electronic
payment and risk management solutions. Worldwide, the Wirecard Group supports
over 11,000 companies from many and various industry segments in automating
their payment processes and minimizing cases of default. Wirecard Bank AG is
a Principal Member of VISA, MasterCard and JCB and operates as a credit card
acquirer in 69 countries around the world, with over 100 transaction
currencies and 15 payout currencies. Part of the Wirecard Group, Wirecard
Bank provides innovative solutions in the fields of corporate banking,
prepaid and co-branded cards, along with account products for both business
and private customers.
Wirecard AG is listed on the Frankfurt Securities Exchange
(TecDAX, ISIN DE0007472060, WDI).
www.wirecard.com www.wirecardbank.com www.mywirecard.com Wirecard media contact: Wirecard AG Iris Stockl Bretonischer Ring 4 D-85630 Grasbrunn, Germany Tel: +49(0)89-4424-1424 Fax: +49(0)89-4424-2424 E-mail: email@example.com Wirecard Asia contact: Wirecard Asia Pte.Ltd. Kit Chan 2 Shenton Way SGX Centre 1 Singapore 068804 Tel: +65-6536-8846 Fax: +65-6536-3362 E-mail: firstname.lastname@example.org
Wirecard media contact: Wirecard AG, Iris Stockl, Bretonischer Ring 4, D-85630 Grasbrunn, Germany, Tel: +49(0)89-4424-1424, Fax: +49(0)89-4424-2424, E-mail: iris.stoeckl at wirecard.com; Wirecard Asia contact: Wirecard Asia Pte.Ltd., Kit Chan, 2 Shenton Way SGX Centre 1, Singapore 068804, Tel: +65-6536-8846, Fax: +65-6536-3362, E-mail: kit.chan at wirecard.com
Tags: Asia, China, February 24, Germany, Munich And Grasbrunn, Wirecard AG