SANTO DOMINGO, Dominican Republic, Aug. 16, 2022 /PRNewswire-HISPANIC PR WIRE/ — UnionPay International (UPI) today announced its partnership with Cardnet, the largest acquirer in the Dominican Republic, to enable UnionPay acceptance by all Cardnet merchants . This is the first time that UnionPay card services are offered in the country. UnionPay’s acceptance network has thus expanded to 181 countries and regions, covering more than 37 million merchants outside the Chinese territory.
In recent years, UPI has increased its efforts in expanding and improving the overseas acceptance network, and the offline card usage environment has continued to be optimized. In the first half of this year, more than 1.7 million merchants outside the Chinese territory enabled UnionPay acceptance, significantly improving the user experience in Europe, North America and other countries, and the number of online UnionPay merchants increased to 22 million. Mobile payment services have developed rapidly, with 13 million merchants in 95 countries and regions outside of China supporting UnionPay QR or mobile QuickPass. The latest survey by Juniper Research, a British consulting firm, shows that UPI has become one of the global leaders in QR payments.
The Dominican Republic is one of the largest economies in the Caribbean region. The partnership with Cardnet enables around 30,000 POS terminals to accept UnionPay cards, increasing local acceptance coverage to nearly 50% in a short period of time, with a focus on optimizing the cardholder experience at hotels, airports, retailers and F&B traders. The cooperation will satisfy the demand of business travelers in the country for essential purchases and facilitate people-to-people exchanges between China and the Dominican Republic.
With its network strengths, UPI is striving to serve more international cardholders and support China’s mutual exchanges with the rest of the world. Over 190 million UnionPay cards have been issued in more than 70 countries and regions around the world, of which 30 countries and regions have also issued 140 e-wallets powered by UnionPay, providing local residents with quality mobile payment services based on UnionPay cards.
