UnionPay International Partners with Pesapal to Boost Cross-Border Payments in East Africa
UnionPay International has formed a strategic partnership with payment platform Pesapal, adding over 3,000 merchant acceptance points in East Africa, aimed at promoting Sino-African cross-border trade and tourism development through convenient payment solutions.
What are the key facts?
- 1Coverage: Tanzania and Rwanda
- 23,000 new merchant points
- 3Supports contactless payments
What happened?
UnionPay International is collaborating with Pesapal to promote UnionPay card acceptance in the retail, hospitality, and transport sectors in Tanzania and Rwanda. This initiative aims to eliminate payment friction and support the growing Sino-African business exchanges.
What does this mean for cross-border sellers?
The improvement of payment infrastructure in the East African market will lower cross-border trade barriers. Sellers conducting business in the region can utilize UnionPay payment channels to enhance conversion rates.