19 October 2017

China Union Pay selects VeriFone as PoS terminal provider

08 July 2003  |  6125 views  |  0 China Union Pay selects VeriFone as PoS terminal provider

Shanghai-based China Union Pay has selected e-payments technology vendor VeriFone as its preferred payments terminal provider.

Formed in March 2002, China Union Pay was established by more than 80 financial institutions to provide a national electronic payments and interchange network to enable interoperability and encourage the further development of the bank card industry.

VeriFone's Omni 3750 is the first PoS terminal selected by China Union Pay for its nationwide card network.

Han Xi-wei, deputy general manager, Beijing POS China Union Pay Technical Development Company, says: "VeriFone is officially selected because of its satisfactory performance in terms of quality, production volume, technology and market share during the accreditation by our tender assessment team."

The vendor says it is anticipating tremendous business opportunities in China, especially after the country's accession to the World Trade Organisation.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlRegister nowvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15759 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8924 views comments | 16 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8013 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7117 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6268 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job