We are glad to announce that Guavapay has become the principal member of UnionPay International. The cooperation between Guavapay and UnionPay International is carried out in 3 directions. Guavapay is the principal member of UnionPay International. This membership enables Guavapay to issue UnionPay cards and to provide acquiring services to e-commerce merchants. In addition to being a financial institute, Guavapay is a high-tech company with its own card processing center. Guavapay’s processing center has been certified by UnionPay International to issue UnionPay cards what makes it possible for banks and financial institutes all over the world to issue their own UnionPay cards through the processing services of Guavapay. The third direction is the money transfer service. Guavapay has created its own money remittance brand MyMoneyMove that allows to make cross-border payments in more than 60 countries. The cooperation with UnionPay will enable fast, convenient and cost-efficient money transfers from Europe to China.
Due to the diversified cooperation, Guavapay Limited and UnionPay International will get the opportunity to promote their services and products on the FinTech market and to develop in the abovementioned directions. Currently there are few processing companies in Europe that are certified by UnionPay for issuing and acquiring which will provide an additional stimulus to develop bilateral relations.