Société Générale’s merchants in France and Monaco will now accept UnionPay cards after France’s third largest bank by assets signed an agreement with UnionPay International.
The two groups have been collaborating since March 2010 when Société Générale opened its 4,600 ATMS with UnionPay’s international card network.
Go deeper with GlobalData
Asian tourists will now be able to pay for their purchases using their UnionPay card and according to Société Générale, ‘represent a client category with strong purchasing power.’
The bank predicts that by 2014, the number of Chinese tourists visiting France will reach 2m and continue to increase in the future.
Currently, 39 countries and regions within Europe accept UnionPay cards in-store or at ATMs.
Related Articles
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataUnionPay cards to be accepted in Turkey
QNB accepts China UnionPay cards on its ATMs within Qatar
