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UnionPay partners Millennium bcp to foray into Portugal market

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 Insights

06-Dec-18 China’s UnionPay has partnered with Portugal's private bank Millennium bcp to issue UnionPay Portugal cards. Millennium will issue both consumer and commercial cards. Millennium becomes the first local institution in Europe to provide the cards. [image: Cards International]

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American Express secures payments license in China

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 Insights

12-Nov-18 American Express has been granted preparatory approval from the People’s Bank of China for a clearing and settlement license in mainland China. Amex can begin building a network business to process domestic RMB transactions through its joint-venture in the country. [image: Beyond My Ken / Wikipedia]

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GGM invited to speak on payments at the CPI Middle East & Africa Symposium in Dubai

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 Events

GGM's head of Financial & Business Services, Tom MacDonald, has been invited to speak about payment market trends in the Middle East at the Commercial Payments International Middle East & Africa Symposium in Dubai on 6-Nov-18. Tom will use GGM's proprietary payments market data to compare the Middle East with other world regions, and identify opportunities and threats throughout the payment ecosystem. [Image: Commercial Payments International]

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Digital payment firms fight for Hong Kong market

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 Insights

16-Aug-18 Chinese tech giants Tencent and Alibaba are bringing their payment platforms to Hong Kong, a city that has long thrived on cash and plastic, putting them into competition with Google, Apple and Samsung, and local players like HSBC. [image: Business Insider]

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