Dublin, Ireland and Shanghai, China, 14 April 2014 – Alpha Payments Cloud(APC), connecting acquirers, merchants, and product providers on one platform through the APC Product Hub, and UnionPay International(UPI), a subsidiary of China’s bankcard association UnionPay, have today announced that Alpha Payments Cloud are now registered as a UPI TPSP (Third Party Service Provider). This important registration will give APC’s International Banks and Merchants access to UPI’s network of over 4.2 billion UnionPay cards. Now gateways, banks and merchants can integrate to APC to receive instant access to UPI, along with any and every other payment solution they require via one simple integration.
UPI is a subsidiary of China UnionPay focused on the growth and support of UnionPay’s global business. As a membership organization with over 300 members worldwide, UPl has enabled card acceptance in over 140 countries and issuing in more than 30 countries. Home to almost 2 billion people, the China and Southeast Asia regions have become a leading driver of economic and industrial power.
“UnionPay acceptance is becoming increasingly critical in the online world,” commented Rónán Gallagher, Head of Product with APC. “Through our registration, APC will enable our network of partner banks and their merchants to gain access to a large customer base of UnionPay cardholders who wish to transact online with international merchants. It is our goal for all parties in the payments ecosystem to look at us as the first logical step to integrate and gain access to any and every product they need, as such UPI TPSP registration was a necessary and logical addition.”
In 2013, goods and services purchased from merchants worldwide grew by over 20% with the single most popular method of payment, based on purchase volume, being UnionPay Debit Cards which made up almost half of all Debit Card transactions.
About Alpha Payments Cloud
APC is a payments ecosystem/product hub that connects acquirers, merchants, and product providers onto one single platform across 30 different payments related categories. By creating a payment product exchange in our Product Hub and eliminating the need for all members in the value chain to ever undertake another integration again, we offer instant and seamless access to all aspects of the payments world.
APC has received nominations in the Smart Asia Awards 2014 in the categories of “Best Fraud Initiative” and “e-Commerce Leader of the Year.”
About UnionPay International
UnionPay International (UPI) is a subsidiary of China UnionPay focused on the growth and support of UnionPay’s global business. As a membership organization with over 300 members worldwide, UnionPay International has enabled card acceptance in over 140 countries and issuing in more than 30 countries. UnionPay International provides high quality, cost effective and secure cross-border payment services to the world’s largest cardholder base and ensures convenient local services to a growing number of global UnionPay cardholders and merchants.
For more information, visit http://www.unionpayintl.com