All users of payment cards UnionPay International can now use their cards to pay and withdraw cash in the network of the largest Ukrainian bank, PrivatBank. As reported in the bank, since December 3, UnionPay cardholders will be able to pay them at hotels, restaurants and shops of Kiev, Kharkov, Odessa, Dnipro and other cities. UnionPay cards can also be used to withdraw cash at PrivatBank ATMs across the country.
"PrivatBank provides UnionPay cardholders with world-class quality financial products and services that will continue to help Ukrainian retailers and small businesses attract more Chinese consumers," said Peter Krumhanzl, Chairman of the Board of PrivatBank. “The entry into the domestic market of a new leading international partner also means new opportunities for the Ukrainian banking sector in the context of integration into the global financial system.”
Serving UnionPay International payment cards at ATMs and payment terminals is the first stage of PrivatBank's cooperation with UnionPay. In the future, the bank and UnionPay plan to develop joint innovative payment products that will help modernize the Ukrainian payment industry.
"Working with a recognized leader in the banking market will make a major breakthrough in servicing UnionPay cards, promoting innovative payment products in Ukraine," said President of China UnionPay, Shi Wenchao. "UnionPay has accumulated a wealth of experience in developing innovative payments, smart city projects, financial integration, and is ready to participate in the development of the payment industry in Ukraine, providing UnionPay cardholders with even more modern and secure payment services."
In partnership with more than 2,000 institutions worldwide, UnionPay International has extended its card acceptance to 178 countries and regions globally with issuance in 58 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 localized services to a growing number of global UnionPay cardholders and merchants.