Wiseasy group and UnionPay have entered into a partnership to launch a digital and banking product in Nigeria and Ghana. In Nigeria, the duo will join the list of 45 firms that are already in this space. - Fintech Tracker,
According to CrowdFund Insider, "The two companies worked together to develop a unified mobile payment standard and coordinate the management of financial institutions' mobile payment businesses. This process has received a significant boost from the proliferation of smartphones and QR codes, which allow customers to conduct transactions in new environments easily."
"Wiseasy Group is pleased to be part of this exciting collaboration with UPI to launch a secured, seamless and innovative solution that meets the new expectations of retailers and customers," said Rachid Oulad Akdim, VP Group and president of Wiseasy France.
"We are honored to partner with Wiseasy Group to further accelerate the brand reach in Ghana and Nigeria," said Luping Zhang, general manager of UnionPay International Africa Branch. "UnionPay continues to offer high quality, cost-effective, innovative payment services through shared growth with our partners in the region."
Wiseasy Group is a leading global digital banking and payment builder. The company aims to promote the innovation, development, and application of digital banking solutions and payment technology worldwide by offering smart fintech terminals and rich payment technology services that can reach broader demographics with more convenience.
By December 2020, Wiseasy has provided fintech products and services to thousands of merchants and over 350 technology partners and payment service providers, including banks, acquirers and institutions, fintech companies, and telecom operators in over 110 countries and regions worldwide, covering dozens of industries.
On the other hand, 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 2400 institutions worldwide, UnionPay International has enabled card acceptance in 180 countries and regions with issuance in 70 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.
Nigeria in focus
GDP: $432.294 billion in 2020 compared to $448.12 billion in 2019
Population: 206,139,587 in 2020 compared to 200,963,03 in 2019
GDP per capita: $2,097 in 2020 compared to $2,229 in 2019