IBAR starts emission of UnionPay cards

IBAR starts emission of UnionPay cards
# 13 November 2013 09:27 (UTC +04:00)

Baku. Nail Huseynli – APA-Economics. Within the partnership with UnionPay International Company, the International Bank of Azerbaijan (IBAR) will accept cards of UnionPay International payment system in its own POS-terminals and ATMs. In this regard, the Bank will carry out emission of plastic cards jointly with this system for the first time.

Established in March 2002, UnionPay is a bankcard association established under the approval of the State Council and the People’s Bank of China. At present, the Shanghai-headquartered UnionPay has about 400 domestic and overseas associate members. As of today, UnionPay cards have been accepted in 141 countries and regions outside China. Meanwhile, UnionPay also actively promotes issuance of UnionPay standard cards overseas, with a goal of providing payment convenience for foreigners in their work, travel and study in China. At present, 65 institutions in 17 overseas countries and regions have issued UnionPay card locally, with an accumulated card issuance volume of more than 10 million pieces.UnionPay cards are not only well accepted by the domestic cardholders, but also highly appreciated by cardholders in more and more countries and regions.

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THE OPERATION IS BEING PERFORMED