“UnionPay is a significant addition to our e-commerce product set,” said Philip D. Beck, Chairman and CEO of Planet Payment. “We believe that our UPOP solution is an important tool for merchants seeking to sell more products and services to the strategically significant Chinese ecommerce market.”
UnionPay is based in China with over 3.5 billion cards issued worldwide.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.