Global Payments Asia- Pacific Limited, a joint venture between The Hongkong and Shanghai Banking Corporation Limited (HSBC) and U.S.-based Global Payments Inc., has launched China UnionPay (CUP) card acceptance service to merchants in Malaysia.
This service allows the merchants to accept electronic card payments from CUP cardholders at their stores. The launch marks an extension of Global Payments’ CUP card acceptance programme, which previously had been offered in Hong Kong and Macau.
With more than 1.8 billion CUP cards in circulation and the rising number of Chinese tourists visiting Malaysia, this new service empowers Malaysian merchants to capture the fast growing spends of these Chinese visitors, who today pay mostly with cash. Merchants in Malaysia can add the CUP card acceptance functionality to their existing Global Payments point-of-sale terminals through a simple and free re-programming.
“We are very pleased to launch the China UnionPay card acceptance service in Malaysia,” says Ian Courtnage, president, Global Payments Asia-Pacific China is contributing significantly to outbound tourism in Southeast Asia and Malaysia is attracting the lion’s share.”
“Merchant establishments in Kuala Lumpur and other premier tourist destinations throughout Malaysia will now be able to enjoy the dual benefits of reducing the burden of managing cash payment from Chinese patrons as well as generating higher ticket sales. The CUP acquiring adds to our comprehensive range of card types already supported and this new service enhances Global Payments’ one- stop-shop card processing strategy for merchants.”
L.D.