7 November 2012

Mauritius: China Unionpay Expands Online Payment Service in Mauritius

Beijing — China UnionPay (CUP), the country's largest bank card services provider, said Friday that CUP bank cards can be accepted for online payments through the State Bank of Mauritius (SBM), further consolidating its presence in Africa.

According to an agreement between CUP and SBM, Mauritius's second-largest bank, the acceptance of CUP bank cards will be extended to online merchant cross-border payments.

The deal will also give the Chinese bank card issuer a better foothold in the burgeoning African continent.

The Chinese and Mauritian banking institutions have already ensured that CUP cards are accepted at more than half of merchant stores and 40 percent of ATMs in Mauritius, according to CUP.

The newly opened online payment service mainly covers merchants selling electronics products, and CUP said more merchants from the hospitality and tourism sector will be included in the future.

CUP cards are currently accepted in 130 countries and regions worldwide.

 - Xinhua

Copyright © 2012 Forum on China-Africa Cooperation. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.