Global Payout, Inc. has announced that they have launched the ability to transfer money to China UnionPay (CUP) bank cardholders. The international transfer of money is made possible by Global Payout’s proprietary Consolidated Payment Gateway (CPG).
China Union Pay card is the largest debit card platform in China representing 70 banks; Global Payout stands to receive millions of new, Chinese account holders whom can receive funds from multi-national companies. The integration of China UnionPay gives Global Payout access to the world’s largest market.
Accountholders of Global’s Consolidated Payment Gateway are not limited to the transfer of money to Visa or MasterCard debit and credit cards. The CUP integration will diversify Global’s portfolio of payment options and result in a competitive advantage in the B2B payments industry.
“Our strategic partners, First American and Intradata have allowed Global Payout the opportunity to reach out to China, the largest country in the world,” says Jim Hancock, CEO of Global Payout. “By integration of our payment platform with CUP, Global provides a competitive advantage for our clients to access all Chinese residents.”
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