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Africa|Financial|Infrastructure|PROJECT|Services|Sustainable|Infrastructure
Africa|Financial|Infrastructure|PROJECT|Services|Sustainable|Infrastructure
africa|financial|infrastructure|project|services|sustainable|infrastructure

BankservAfrica, UnionPay International collaborate on safer e-commerce in Africa

9th July 2024

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

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Financial markets infrastructure provider BankservAfrica and payment services company UnionPay International (UPI) are collaborating to facilitate easier and safer e-commerce transactions for UPI cardholders across Africa’s online merchants.

The companies will introduce UPI e-commerce acceptance across several countries in Africa. The partnership builds on UPI’s appointment of BankservAfrica in December as its domestic on-soil processor for affordable, accessible and innovative card payments for South Africa.

UPI and BankservAfrica believe this strategic partnership positions the organisations to be in the frontline of the accelerated e-commerce growth across the continent.

“The new project of enabling e-commerce acceptance offers great opportunities to existing UnionPay cardholders by providing African merchants expanded exposure to a global audience,” says UPI Africa region head Asad Burney.

“With the continent’s hyperconnected economy on the rise, BankservAfrica will continue to provide sustainable payment services for the digitally transforming future,” says BankservAfrica CEO Stephen Linnell.

“We are excited by this collaboration and its potential to promote digital trade that fosters economic development and eases everyday online payments.

“As the largest automated payments clearing house in Africa responsible for clearing and processing billions of low-value card, automatic teller machine and account-to-account transactions each year, BankservAfrica is well-positioned to serve Africa’s growing e-commerce market regionally and internationally,” he says.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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