UnionPay International and PayTabs Partner to Power E-commerce in the UAE
UnionPay International (UPI) and PayTabs, a MENA payment solutions provider, have announced a strategic partnership that allows PayTabs merchants to offer UnionPay Cards as an alternative payment method to customers who purchase goods and services online in the United Arab Emirates.
The collaboration aims to service thousands of PayTabs merchants in retail, travel, hospitality, healthcare, education, F&B, and other industries, to improve the checkout experience of their customers and thereby increase their online sales conversion, the firms said in a press release.
At the same time, with access to PayTabs merchants in the UAE, UnionPay Cardholders can benefit from multiple transaction categories which include everything from booking a taxi, ordering food, making a hotel reservation, to shopping for clothes or groceries online. To date, eight billion UnionPay cards have been issued globally, giving PayTabs merchants in the UAE access to tap into this profitable segment of cardholders that have higher spending potential.
Abdulaziz Al Jouf, Founder and CEO, PayTabs, said: “We are in the business of assisting thousands of merchants globally to understand their customer's local alternatives to making payments. Our partnership with UnionPay International aims to facilitate online shopping for billions of UnionPay customers around the world who can proudly use their cards to make purchases from our premium merchant base in the United Arab Emirates. Empowering both merchants and customers is a game changer in today's payment ecosystem.”
James Yang, General Manager, Middle East, UnionPay International, said: “We have been actively improving various convenient and safe innovative payment services to provide UnionPay cardholders with better payment experiences. With no doubt, smooth online payment solutions provided by UnionPay bring convenience and ensure safety during the pandemic. In addition, the collaboration will also help boost local e-commerce and the overall economic development in the UAE and assist local merchants in expanding their customer base and transaction volume.”