Moneris Solutions Corporation and UnionPay International has announced that they have entered into an agreement regarding Moneris’ acceptance of UnionPay cards which begin later this year.
Angela Brown, President and Chief Executive Officer of Moneris, is to sign the agreement with UnionPay International on how to advance UnionPay card acceptance in Canada.
“We are very pleased to be partnering with UnionPay to bring card acceptance to our valued merchants,” said Ms. Brown. “The number of Chinese visitors to Canada is growing at a staggering rate and Moneris wants to ensure its customers are prepared to meet the demand for their payment method of choice.”
“The case has been clearly made for UnionPay acceptance in Canada,” said Jeff Guthrie, Chief Sales Officer at Moneris. “Our job as Canada’s largest payment processor is to give our merchants the ability to offer payment convenience to all of their customers. As the profile of Chinese visitors coming to Canada for business, leisure and study travel is rising, this is a natural response.”
Whitepapers
Related reading
Travel industry must keep up with consumers’ payments demands
Payments providers must keep up with the fast-paced change of consumer demands in the travel sector, according to Kevin White, Mastercard’s director ... read more
Nissan joins in-car payments race
Payments services providers and fintechs have unleashed a flurry of collaborative innovations over the course of the past decade in order to ... read more
Ripple courting banks, paytech and big fintech to beat Swift to emerging markets
Midway into 2019, Ripple is broadening its clientbase in order to boost growth and capture emerging market volumes, according to Marcus Treacher, ... read more
5 ways blockchain can change the cross-border payments landscape
Cross-border payments is a changing sector of the industry, driven by customers demanding little to no friction and encountering multiple steps, intermediaries ... read more
