UnionPay International Joins Hands with Chinese E-commerce Firm to Provide Cross-border Payment Convenience

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Apr 08, 2015, 08:19 ET

SHANGHAI, April 8, 2015 /PRNewswire/ -- UnionPay International announced on April 8 it has entered cooperation with DinoDirect Ltd in cross-border online businesses, enabling the latter's B2C platform DinoDirect, B2B platform Osell and related websites to accept UnionPay cards (card number starting with 62) issued outside the Chinese mainland.

This is the first time UnionPay International has established cooperation with a Chinese cross-border e-commerce company to allow overseas cardholders to pay with UnionPay cards on a Chinese e-commerce platform.

Chinese consumers enjoy buying foreign products at good prices from overseas platforms, more and more overseas individuals and retailers are hoping to get access to items made in China. As one of the largest Chinese cross-border e-commerce platforms, DinoDirect covers more than 200 countries and regions in the Middle East, Southeast Asia, South America and Central and Eastern Europe.

The cooperation will not only make it more convenient for overseas business owners and individuals to make purchases on cross-border e-commerce websites in China, but also help domestic manufacturers sell products to global consumers and retailers at lower costs and high efficiency, pushing forward the "going-out" process of China's manufacturing industry.

The next step, UnionPay International also has plans to roll out commercial card products at overseas markets designed for cross-border e-commerce trade to better meet overseas buyers' demands for making purchases at Chinese merchants.

Overseas business owners and individuals are able to pay with the UnionPay Online Payment (UPOP) and enjoy high security guaranties. As the number of UnionPay cards issued outside the Chinese mainland continues to grow, UnionPay International is stepping up efforts to improve overseas card-using privilege and service systems and is committed to enabling domestic cardholders to enjoy the experience of "shopping the world with one card."

Currently, nearly 40 million UnionPay cards have been issued in 40 countries and regions outside the Chinese mainland and UnionPay card is recognized by more and more cardholders globally.

Now, UnionPay cardholders are able to make purchases directly on 10 million overseas online merchants. UnionPay cards have been accepted by Amazon, eBay, Rakuten, Agoda, Booking and many other well-known online merchants overseas.

Meanwhile, cardholders are also able to buy foreign items including maternal and child products, cosmetics, clothing and food with UnionPay cards through the UnionPay Haigou platform "Shop The World."

For more information: http://www.unionpayintl.com/

SOURCE UnionPay International