06-Feb-18, IT Web Africa
Standard Bank says its new deal with Chinese card payments company UnionPay International will open China's e-commerce marketplace for the bank's customers in twenty African countries.
%20IT%20Web%20Africa.jpg "Standard Bank UnionPay deal opens up Chinas e commerce marketplace to Africa (c) IT Web Africa")
Image: IT Web Africa
The bank says the agreement to accept UnionPay cards in African markets by the end of 2018 provides Africans with direct access to China's highly developed electronic and mobile transaction platforms.
Lincoln Mali, Group Head for Group Cards & Emerging Payments at Standard Bank says African traders will soon be able to locate and select goods remotely and then pay for them electronically through their Standard Bank cards.