UnionPay cards - the largest card scheme in the world - now accepted at all Pick n Pay stores across SA
Pick n Pay - Aug 16th, 11:11
UnionPay International (UPI) has announced significant progress in the South African retail payments market through their co-operation with Pick n Pay and Absa Bank. Through a tripartite co-operation agreement, Pick n Pay, a major food, clothing, and general merchandise retailer, is now enabled to accept UnionPay cards at all of its till points across its approximately 1,800 stores countrywide.
"We are delighted to be able to offer our safe, simple and smooth payment service at Pick n Pay, one of the most significant retailers in South Africa. This will substantially enhance our cardholders’ payment experience in South Africa,” says Luping Zhang, General Manager at UnionPay International Africa.
Retail Executive for Marketing at Pick n Pay, John Bradshaw, said that the company was looking forward to offering their customers an even wider choice in how they pay for their groceries at Pick n Pay. “UnionPay is the largest card scheme in the world in terms of the number of cards issued. This gives our customers a great choice, and we welcome the addition to our stores.”
Absa is excited to partner with UnionPay International and Pick n Pay, says Enoch Malisa, Head of Commercial Payments at Absa Retail and Business Bank SA. “We want to grow customer transactions across all segments by enabling the acceptance of all globally-issued cards.” “It is our strategic intent to enable our retailers to accept cards issued by global card schemes,” Malisa adds.
In order to meet the needs of UnionPay cardholders in South Africa, UnionPay is working with retailers of all sizes to enable their point of sale terminals at checkout counters across the country. Pick n Pay will benefit from having access to a growing market of UnionPay cardholders living in South Africa as well as attracting spend from a very lucrative tourism segment, thereby attracting additional spend.
UnionPay started its business in South Africa in 2008. So far, UnionPay cards are accepted at almost all local ATMs and POS terminals, offering payment ease to tourists as well as the increasing number of local cardholders.
In partnership with more than 2,000 institutions worldwide, UnionPay has enabled card acceptance in 174 countries and regions and realized card issuance in 55 countries and regions. UnionPay 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 millions of merchants.
Brands leave R34 bn in lost sales on the e-commerce table - report
22/09/2019 - 13:19
By 2021, over 20-million South Africans will shop online.
AB InBev to float Asian business in 2019’s second biggest IPO
22/09/2019 - 10:14
AB InBev will kick off a second attempt to spin off its Asian business in Hong Kong with the launch of an initial public offering (IPO) worth up to $6.6bn that could be the world’s second-largest flotation in 2019.
Samsung and KOO win big at the 21st Sunday Times Top Brands Awards
20/09/2019 - 15:12
Samsung and KOO have been announced as South Africa’s Overall Favourite Brands, winning the Grand Prix Awards in the respective Business and Consumer sectors of the 21st Sunday Times Top Brands Survey.
Retail sales remain muted with consumers under pressure
20/09/2019 - 14:31
Retail sales for July marginally declined to 2 percent year on year as sales growth continued to reflect a muted demand in South Africa, with consumers’ discretionary income under strain.
Pick n Pay rolls out R4 lifetime reusable bag made from recycled plastic bottles
20/09/2019 - 14:14
Pick n Pay is rolling out its new budget green People n Planet reusable bag nationally after a successful trial with customers earlier this year. The bag is expected to be in all stores by mid-October.