Moorwand releases first UnionPay card in UK
Payments company Moorwand is launching its first pre-paid corporate and consumer UnionPay cards in the UK.
Moorwand cards will be issued in the UK and across the EEA through the UPayCard branded prepaid card solution. UPayCard is a global multi-currency service for businesses and consumers.
Wei Zhihong, UnionPay International’s market director and head of its European branch, says: “This is a significant step for UnionPay through the issuance of the first pre-paid cards with a UK financial partner.”
Zhihong adds: “In the future, UnionPay’s business development in Europe will be based on continuing to drive wider card acceptance with our merchant partners while also developing a larger user base to issue cards.”
Business and individual account users will have access to a multi-currency payment solution. The first wave of pre-paid cards has been issued to an initial cohort of UPayCard account holders with plans to roll-out larger volumes in the first quarter of 2019.
