Company Continues Global Expansion of its Payments Business, Opens China Market to Major Card Issuers
REDWOOD CITY, Calif. – December 13, 2018 – i2c, a leading global provider of payments processing technology and services, today announced that it has successfully obtained certification as an issuer processor for UnionPay International, an international bank card association headquartered in Shanghai, the People’s Republic of China.
“The high number of visitors from US to China offers a tremendous opportunity for financial institutions to issue UnionPay cards. While we have been processing UnionPay cards in the Australian market, we are pleased to expand our relationship with UnionPay to now support the US issuers as well,” said Amir Wain, CEO and founder at i2c. “i2c’s robust, single-source, global payments platform and our multi-currency, multi-purse capabilities enables issuers to open new revenue streams and give travelers to and from China the convenience and freedom to carry unlimited currencies on a single card.”
UnionPay is the largest bankcard association in the world in terms of card issuance and transaction volume processed. It is also the interbank network in China that links all of the ATMs and banks throughout the country. In partnership with over 2,000 institutions worldwide, UnionPay International provides associate members and partners with unified, standard, high-security transactions for cardholders.
“We are pleased to have i2c as an officially certified UnionPay issuer processor,” said June Chen, General Manager at UnionPay International Americas. “i2c’s agile, flexible, and reliable issuer processing platform offers our member banks an excellent option. i2c’s speed of implementation is very impressive as well having rolled out programs with two of our member banks in a very short period of time. We believe this partnership will soon bring our safe and convenient payment products and services to the US customers, especially those who often visit Asia.”
About UnionPay International
UnionPay International (UPI) is a subsidiary of China UnionPay focused on the growth and support of UnionPay’s global business. In partnership with more than 2000 institutions worldwide, UnionPay International has enabled card acceptance in 171 countries and regions with issuance in 51 countries and regions. UnionPay International provides high quality, cost effective and secure cross-border payment services to the world’s largest cardholder base and ensures convenient local services to a growing number of global UnionPay cardholders and merchants. For more information, visit www.unionpayintl.com/en.
About i2c Inc.
An award-winning global financial technology innovator powering credit, debit, prepaid, core banking, and money movement solutions, i2c unifies banking and payments in an all-in-one platform, transforming product personalization with a customer-centric architecture and accelerating speed-to-market with composable building-block solutions. Financial institutions and fintechs globally trust i2c to help them quickly and efficiently configure and scale differentiated financial offerings in an evolving, competitive market. Powered by innovation and driven by trust for more than 24 years, i2c blends modern ingenuity with expert reliability to supercharge exceptional banking and payments experiences for millions of users and billions of transactions worldwide.
For more information, visit i2cinc.com and follow us at @i2cinc.