UnionPay International & Trip.com to enhance Global Travel Payment experience
By Gloria Mathias
UnionPay International has partnered with Trip.com, the online travel agency (OTA), to provide UnionPay cardholders with an enhanced payment experience in a partnership that coincides with the gradual recovery of the cross-border tourism market.
The cooperation covers all major transaction currencies on Trip.com’s global sites accepting UnionPay online payment, including Hong Kong SAR, Singapore, Korea, Thailand, Malaysia, Indonesia, the Philippines, Vietnam, and other key travel markets of Trip.com.
Trip.com currently has operations in 200 countries and regions, covering 1.2 million hotels and offering guests a wide range of accommodation options. It also has a flight network of more than 2 million individual routes, connecting over 5,000 cities globally.
This latest collaboration expands the online acceptance for UnionPay cardholders outside of mainland China. In addition, within the Hong Kong market, local cardholders can enjoy enhanced convenience due to the integration of the Hong Kong version of the UnionPay App, and the enablement of transactions in Hong Kong dollars.
This partnership with Trip.com will help to further meet the payment needs of UnionPay cardholders in major markets and will further enhance UPI’s international presence in the global OTA market in the long term, demonstrating UPI’s global payment network expansion and strengthening the international influence of the UnionPay brand.
Wang Zhe, Head of Overseas Finance Business, Trip.com, said: “Trip.com has always been committed to providing our users with comprehensive, top-class travel services. The partnership with UnionPay International is another milestone in our mission to continuously innovate and enhance customer experiences. We look forward to bringing more convenient and user-friendly travel booking services and payment solutions to UnionPay cardholders around the world in the future.”
UnionPay International focuses on the international business of UnionPay, a global payment network that serves the world’s largest cardholder base. By collaborating with partners globally, UnionPay International has enabled card acceptance in 181 countries and regions and issuance in 79 countries and regions. Outside Mainland China, UnionPay is accepted at over 38 million merchants and 1.76 million ATMs.
IBSi Daily News Analysis
January 16, 2024
Fintech news
Egypt among top remittance recipient countries in 2023: World Bank
Read MoreIBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage