Oil

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))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Oil Videos

    #TradeTalks: The global energy transition

    ITIC Senior Fellow & Energy, Growth, & Security Program Director Ariel Cohen joins Jill Malandrino on Nasdaq #TradeTalks​ to discuss the global energy transition.

    Mar 31, 2021

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More