GlobalOnePay Expanded Its UnionPay Solutions To Include PIN Debit Acceptance

GlobalOnePay, a division of Pivotal Payments offering global omni-channel payment processing technologies and merchant services, announced Wednesday (June 21)  that it has expanded its UnionPay online solutions with PIN debit acceptance.

In a press release, the company said it gives its  eCommerce clients access to potentially more than 6 billion UnionPay cards across the globe, 90 percent more than processors offering credit card acceptance alone. As a principal member of UnionPay International, the bankcard association, GlobalOnePay delivers direct connectivity into China, which has become the world’s largest online retail market as of this year.

“By enabling credit and PIN debit UnionPay acceptance, merchants on the GlobalOnePay platform have access to millions of potential new clients without requiring any foreign infrastructure setup,” said John Hughes, general manager of GlobalOnePay in the press release. “It’s a simple, effective way to reach Chinese consumers and tap into the world’s most important eCommerce market.”  According to GlobalOnePay, there are more UnionPay debit and credit cards in circulation than those from Visa and MasterCard combined. Still, UnionPay credit cards make up only 10 percent of overall cards issued. GlobalOnePay offers a full-service implementation of UnionPay credit and PIN debit, including full integration, robust online reporting and dedicated support, the company said in the release.

GlobalOnePay noted that the  number of Chinese consumers performing cross-border eCommerce transactions is rapidly growing. In 2016, nearly 20 percent of online shoppers purchased goods from outside of China. During the same period, more than 250 million UnionPay cardholders purchased goods or services online or through mobile devices.  UnionPay said its cross-border payment solutions ensure convenient local services to a growing number of global UnionPay cardholders and merchants.  “The Chinese market has a large number of potential customers that every company around the world wants to attract,” said John Licari, COO of Total Life Changes in the same release. “The market is huge from a population standpoint, and as it continues to adopt a Western lifestyle and diet, we feel our products will be of great benefit. The relationship GlobalOnePay provides us has helped improve our business.”