UnionPay is pleased to welcome Standard Bank executives for high-level discussions, reinforcing a long-standing partnership and shared commitment to advancing digital payment solutions across Africa.

UnionPay and Standard Bank have a long history, dating back to 2010, of collaboration, financial innovation, and expanding access to digital payments.

UnionPay and Standard Bank have formed a strategic partnership to boost acquisition, e-commerce acceptance and contactless payments in several African countries.

This strategic partnership allows both organizations to capitalize on the accelerated growth of e-commerce on the continent and aims to strengthen global connectivity and boost economic prosperity in Africa.

The visit will include bilateral discussions focused on exploring new opportunities to strengthen the existing partnership. Both organizations are on a mission to develop digital payment capabilities, strengthen cross-border financial connectivity, and meet the evolving needs of businesses and consumers in South Africa and beyond.

"We remain committed to innovation and collaboration, so that our customers continue to benefit from secure and seamless digital payment solutions. Our partnership with UnionPay will transform the way Africa connects with China by making cross-border payments more accessible to our customers," said Steven Barker, Product Manager, Personal and Private Banking, Standard Bank Group.

"We value our long-standing strong relationship with Standard Bank and are delighted to take our collaboration to the next level," said Asad Burney, Head of UnionPay International for the Africa region. "This renewed commitment paves the way for the launch of key projects this year, reinforcing our shared vision for financial innovation and inclusion."

As UnionPay and Standard Bank continue to shape the future of digital payments, this partnership remains critical to driving affordability and economic growth in key African markets. In conclusion, UnionPay will always be grateful for the role played by Standard Bank in establishing UnionPay on the continent.