Payments Blog

Expand your Market, Start Accepting UnionPay

 

The online checkout process is a big concern in the payments industry today – merchants want their consumers to be able to pay with a brand they choose, recognize, and trust.

Alternative payments offer the consumer another payment choice  and streamline the checkout process, which leads to increased sales for the merchants. With One Connection to Cardinal, merchants can offer UnionPay, as well as other alternative payment brands, tenders or wallets, to their consumers.

Previously, UnionPay cardholders were unable to complete online purchases with merchants outside of China. Now these cardholders can shop online internationally, and U.S. retailers want to sell to the massive Chinese market.

China is the largest eCommerce market in the world, and accepting UnionPay can open the doors for U.S. merchants to reach more than 3.5 billion cardholders for potential purchases. With staggering statistics of 591 million online users and 47% of their eCommerce dollars spent with U.S. merchants, China can make an immediate impact to merchants’ sales with the right payment method, in-demand products, and marketing.

UnionPay Online Payments (UPOP) provides security, convenience, and global acceptance. 142 geographic markets accept UnionPay cards, and they reported $7 trillion in 2014 transaction volume globally.

With One Connection to Cardinal, we can FutureProof™ your business and help it grow by leveraging UnionPay Online Payments, or many other alternative payment brands we offer. Contact us today to learn more.

Posted by Ian Poole

Ian Poole is currently the Sales Engineering Director with an overall responsibility of Technical Sales, Market Analysis, and designing the implementation of market leading eCommerce and mCommerce solutions for new and existing Cardinal Customers. With more than six years of industry experience, Ian has been involved in many aspects of the Cardinal organization, including direct Customer support, managing Direct and Channel Integration teams, and working with solution design. He played a critical role when leading the Direct and Channel Integration teams as Cardinal expanded. Ian provides a balance between business and technology, and has played a critical role in showcasing how One Connection to Cardinal can FutureProof his Customers’ payment needs. Ian frequently speaks at industry events, in the US and internationally. Mr. Poole has a Bachelor’s Degree in Business Administration from Washington & Jefferson College.

Find me on: LinkedIn Google+

Aug 25, 2015 8:30:00 AM

Topics: unionpay

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