UnionPay expands in Africa

Updated 2018-01-22 13:23:00

China UnionPay International announced on Friday that the company has launched a bank card services in Mozambique that would allow the use of UnionPay bank cards in the African country.

The move further extends China UnionPay's services in Africa, with 50 countries and regions now accepting the UionPay bank cards, the Shanghai-based company said in a statement it sent to the Global Times.

"To better serve economic and trade cooperation and people's exchange between China and Africa, UnionPay International has not only sought cooperation with local financial institutions but also global mainstream banks," the statement stated.

UnionPay International further noted that there are more than 10,000 Chinese companies operating in Africa and Chinese tourists to Africa are growing exponentially each year.

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