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Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that it has acquired a minority stake in China UnionPay subsidiary Rongbang Technology Ltd. (“Rongbang”). Earlier this year, Peak signed an agreement with Rongbang that allows Peak to use the China UnionPay network to provide fund transfer and payment settlement services within its Lending Hub ecosystem. After working closely with Rongbang (https://www.masget.com/) to connect to...

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UnionPay International (UPI) and PayTabs, MENA’s award-winning payment solutions powerhouse, today 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. At the same time,...

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UnionPay International announces today that it has rolled out the mobile payment product of Huawei Pay in Pakistan in partnership with Huawei and the National Bank of Pakistan (NBP), one of the largest commercial banks in Pakistan. The new service allows local Huawei/Honor phone users to pay via both contactless and QR code payments and is the card scheme’s first mobile-wallet service to feature dual payment options overseas. The dual payments function of UnionPay’s mobile payment products adds QR code-based payment onto...

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