Payments
BankservAfrica partners with UnionPay for transaction support in Africa
July 24, 2024
BankservAfrica, a clearing house in Africa, partnered with UnionPay International for e-commerce transactions for UPI cardholders in Africa. Through this partnership, UnionPay will be able to extend its service to several countries in Africa, according to a press release.
"As the largest automated payments clearing house in Africa, responsible for clearing and processing billions of low-value card, ATM, and account-to-account transactions annually, BankservAfrica is well-positioned to serve Africa's growing e-commerce market regionally and internationally," Stephen Linnell, CEO of BankservAfrica, said in the release.
"African markets have always been key and valued by UnionPay. The new project of enabling e-commerce acceptance offers great opportunities to existing UnionPay cardholders by providing African merchants expanded exposure to a global audience," Asad Burney, head of international Africa region, UnionPay, said in the release.
