The Asian Banker

Societe Generale offers merchants UnionPay card payment services
Jul 29, 2013

Paris, July 24th 2013 - Société Générale and UnionPay International have signed an agreement to permit the acceptance of UnionPay cards at Société Générale merchants in France and Monaco.

This new agreement reinforces the two groups' cooperation since March 2010, when Société Générale opened its 4,600 ATMs to UnionPay cards.

The merchants, clients of Société Générale, in France and in Monaco, frequented by Asian tourists, will be able to offer their clients to pay with their UnionPay card.

The Chinese tourists in France represent a client category with strong purchasing power. They are visiting France in increasing numbers, especially popular tourist areas like Paris, the Loire Valley, Cote d'Azur and the Bordeaux region. In 2014, the number of Chinese tourists may reach two million, and will increase continuously in coming years. The merchants frequently visited by Asian clients are hotels, luxurious brands shops, wine and spirits retailers.

For UnionPay International, it is also very important to gain access to the big merchant network of Société Générale, so that UnionPay cardholders are able to pay with their card at the targeted merchants in popular tourist areas.


Re-disseminated by The Asian Banker

Categories: Retail Banking, Technology & Operations
Keywords: Societe General, UnionPay

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