Absa, in partnership with UnionPay International (UPI), is launching contactless payments to UnionPay cardholders across South Africa, thereby strengthening its commitment to offering a seamless and secure payments experience. The collaboration ensures that customers with UnionPay cards can enjoy an even faster and more convenient checkout experience at thousands of retail stores nationwide.
Financial Technology Insights: Temenos Unleashes On-Premises GenAI for Banking with NVIDIA
With digital payments becoming increasingly popular, shoppers expect quick and hassle-free ways to pay. By enabling contactless technology, Absa ensures that customers can simply tap and go whether they are grabbing a coffee, shopping for groceries, or making fashion purchases. The functionality eliminates the need for cash or a PIN entry for qualifying transactions.
Financial Technology Insights: BSI Financial Services SVP Allen Price Joins IMN Home Equity Investment Advisory Board
“As Africa’s biggest merchant acquirer, we are always looking for ways to improve the payment experience for consumers,” said Chris Wood, Managing Executive for Product at Absa Business Banking. “Our collaboration with UnionPay International aligns with the growing consumer preference for contactless payments and will empower clients to transact in a fast and secure way. It will also enable Absa merchants to offer contactless payment options to more customers.”
Financial Technology Insights: Osaic Announces Partnership with Iowa State Bank
As part of this initiative, more than 44,000 payment devices across South Africa will now accept UnionPay contactless payments, including major retail chains, supermarkets, restaurants, and independent stores. This extensive acceptance network ensures that both local and international UnionPay cardholders can experience seamless transactions at their favorite shopping destinations.
“We are thrilled to partner with Absa Bank to bring the power of contactless payments to South Africa, marking a significant milestone in our commitment to digital innovation. This collaboration enhances the payment experience for both domestic and international cardholders, offering seamless, secure, and fast transactions. By expanding contactless acceptance, UnionPay is not only improving convenience but also empowering consumers to experience the future of payments today. As we continue to innovate, we are excited about the future of digital payments in South Africa and beyond, and we remain dedicated to providing solutions that benefit both businesses and consumers, fostering a more connected and efficient global payment ecosystem.”
This collaboration reinforces Absa’s commitment to providing world-class financial solutions and supporting the growing demand for digital payments in South Africa. Customers can use their UnionPay contactless cards at participating retailers.
To share your insights with the FinTech Newsroom, please write to us at sudipto@intentamplify.com
Source – PR Newswire
