A UPI certification unique in Africa
Union Pay is the main and local payment channel in mainland China, created some 20 years ago to promote the interoperability of bank cards across the country.
UnionPay (also known as China UnionPay, CUP or UPI) is the largest payment system in the world.
With more than 43% market share, UPI is ahead of Visa and Mastercard to occupy the first position in terms of smart card issues. Consequently, and given its service which is expanding at an extraordinary rate, UPI is seriously betting on a policy of expansion of its activities.
A large Moroccan bank recently signed a memorandum of understanding to become the first issuer of UPI cards in Morocco, where cards have been accepted since 2015 in the CMI and AttijariWafa Bank acquisition networks.
Having anticipated this certification since 2017, S2M obtained the agreement of its client Rawbank in the Congo for the production of these cards in its “S2M Technologies” center.