In a bid to leverage on the ever-changing requirements in customer payments and increased competition in the global financial space, Wiseasy Group, a foremost digital banking and payment services provider, has teamed up with UnionPay International (UPI) in a partnership that seeks to enhance QR payments and digital banking in the West African countries of Nigeria and Ghana.
The collaborative partnership, aimed at supporting the current trends in world digital transformation, would involve the two companies coming together to implement an all-inclusive solution while taking advantage of the advanced core competencies of both partners.
Wiseasy Group is a foremost global digital banking and payment services provider, with operations in 114 countries and regions globally, servicing dozens of businesses. The company aspires to encourage the innovation, advancement, and application of digital banking and payment technology solutions worldwide by providing vibrant payment technology services and smart fintech terminals that will be more conveniently accessible by a broader demographic of users.
According to the Group VP and President of Wiseasy in France, Mr. Rachid Oulad Akdim: “Wiseasy Group is pleased to be part of this exciting collaboration with UPI to launch a secured, seamless and innovative solution that meets the new expectations of retailers and customers.”
The solution involves the provision of an integrated mobile payment standard and the streamlined management of the mobile payment businesses of financial institutions. Subsequently, with the rapid propagation of Smartphones and QR, it is expected that fresh prospects will be opened to enhance the growth of advanced payment methods while enabling customers to perform banking operations on the go.
In keeping with global digital transformation and financial inclusion, UnionPay has launched numerous groundbreaking payment products across Africa. More than 1.6 billion UnionPay cards have been issued in over 70 countries and regions globally, with UnionPay growing its acceptance network to more than 180 countries and regions more recently. Presently, UnionPay cards are broadly accepted within different sectors across Africa and are issued in more than 10 countries on the continent, including South Africa, Kenya, Uganda, Mauritius, Ghana, Tanzania, and Madagascar. Issue 1154 of The Nilson Report shows that UnionPay ranks number one in card issuance and transaction volume globally amongst all card schemes. UnionPay cards effectively meet the varied purchasing needs of cardholders holidaying and living on the continent.
In a statement, Mr. Luping Zhang, the General Manager of UPI’s Africa Branch, said: “We are honoured to partner with Wiseasy Group to further accelerate the brand reach in Ghana and Nigeria. UnionPay continues to offer high quality, cost-effective, innovative payment services through shared growth with our partners in the region”.