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Wirecard says broadens strategic alliance with UnionPay

Credit: REUTERS/MICHAEL DALDER

German payments company Wirecard said on Monday that it had signed a memorandum of understanding to expand its strategic partnership with UnionPay, the Chinese payment card issuer.

FRANKFURT, Sept 16 (Reuters) - German payments company Wirecard WDIG.DE said on Monday that it had signed a memorandum of understanding to expand its strategic partnership with UnionPay, the Chinese payment card issuer.

The alliance seeks to boost Wirecard's presence in China and aid the international expansion of UnionPay, which has issued 7.6 billion payments cards worldwide, Wirecard said in a statement.

(Reporting by Patricia Uhlig Writing by Douglas Busvine Editing by Riham Alkousaa)

((douglas.busvine@tr.com; +49 69 7565 1271; Reuters Messaging: douglas.busvine.thomsonreuters.com@reuters.net))

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