Payments platform PPRO has become a direct acquirer for UnionPay International, one of the world’s largest card schemes in terms of card issuance.

The alliance will allow PPRO’s payment service providers and their merchants in Europe to accept e-commerce payment from shoppers using UnionPay as their preferred payment method.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Jack Ehlers, Director of Product, Payment Networks, and Business Development at PPRO, said: “The Chinese e-commerce market is growing at a rate of 19% a year on average. This represents a huge opportunity for international merchants. With an average spend of $1,934.72 a year per consumer, merchants can’t afford to ignore the Chinese e-commerce market any longer.

“Through PPRO’s new partnership with UnionPay International, it is now easier than ever for EU merchants who sell internationally to take their first step selling to Chinese consumers.”

According to PPRO, the move will open up access to cross-border trade with China’s B2C e-commerce market, valued at $1,030trn.

Processing and settlement 

Through the partnership, PPRO now supports processing and settlement for UnionPay in 11 currencies. In addition, customers can access faster on-boarding, transaction settlements and funds collection, refunds and improved conversion rates.

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.

Company Profile – free sample

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 GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Wei Zhihong, Market Director from UnionPay International and Head of UnionPay International Europe, said: “We’re excited to open up a world of opportunity and choice of products to Chinese consumers as well as many consumers from other parts of the world.

“Through the partnership with PPRO, our customers can now shop securely and confidently with international merchants, and with a payment method they are accustomed to. We believe this will also bring more opportunities to merchants.”

Earlier this year, PayPal partnered with UnionPay International to expand its network in the Chinese digital payments market.

The partnership aims to focus on accelerating the adoption of digital payments, cross-border commerce in particular.