China UnionPay (CUP), the country\'s largest bank card services provider, said Friday that CUP bank cards can be accepted for online payments through the State Bank of Mauritius (SBM), further consolidating its presence in Africa. According to an agreement between CUP and SBM, Mauritius\'s second-largest bank, the acceptance of CUP bank cards will be extended to online merchant cross-border payments. The deal will also give the Chinese bank card issuer a better foothold in the burgeoning African continent. The Chinese and Mauritian banking institutions have already ensured that CUP cards are accepted at more than half of merchant stores and 40 percent of ATMs in Mauritius, according to CUP. The newly opened online payment service mainly covers merchants selling electronics products, and CUP said more merchants from the hospitality and tourism sector will be included in the future. CUP cards are currently accepted in 130 countries and regions worldwide.
GMT 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new high

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor