Orient Bank Uganda Limited and UnionPay International have announced a partnership in which all UnionPay Cards are accepted at all ATMs and POS terminals of Orient Bank, one of the leading and fastest-growing banks in Uganda.
Announcing the partnership in Kampala, Darshana Bhatia, Orient Bank Executive Director said, it is yet another demonstration of their commitment to anticipate and meet their customer needs through technology, innovation and partnership.
“Uganda and China enjoy a robust trading relationship which relies greatly on each country’s integration into the global financial system if ease of doing business is to be attained,” said Bhatia.
UnionPay International is accelerating the promotion of digitized payments in East Africa. Today, UnionPay has over 80% acceptance on ATMs in Uganda and over 85% acceptance on POS terminals.
Luping Zhang, General Manager of UnionPay International Africa Branch said, the partnership will offer holders of UnionPay cards a seamless payment experience.
“Based on this collaboration, the two sides will explore future cooperation in rolling out UnionPay’s innovative products, including UnionPay QR Code payment and B2B online payment,” Zhang.
Orient Bank has continued its quest to provide fast, convenient and safe payment systems to serve its niche customers in SME and High Net worth Banking Segments.
This partnership will further boost trade between Uganda and China as visitors from China will be able to process payments at Orient bank ATMs and Point of Sale terminals across various merchants.
In partnership with more than 2,000 institutions worldwide, UnionPay has enabled card acceptance in 176 countries and regions and realised card issuance in 58 countries and regions.
UnionPay provides high quality, cost-effective and secure cross-border payment services to the world’s largest cardholder base and ensures convenient local services to a growing number of global UnionPay cardholders and millions of merchants.