Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.


Partnership expands UnionPayto Sage Pay customers in the UK, allowing small businesses to accept Chinese bank card payments

Sage Pay has been named as a new strategic partner of  MoneySwap, enabling high street businesses to accept UnionPay (formerly China UnionPay) transactions securely and speedily.

For Sage Pay’s customers, the partnership with MoneySwap helps small and medium sized businesses benefit from the Asian tourist market. Now small, independent, UK businesses will be able to accept foreign revenue from Chinese visitors who want to pay with their existing UnionPay cards.

This alliance comes at a time when Chinese visitors are some of the biggest spenders on the British high street. This, coupled with the ‘quaint and quintessential Britishness’ which is proving popular amongst Chinese consumers, means there is a real opportunity for small businesses to capitalise on a different audience. With MoneySwap, Sage Pay helpsretailers offer this important customer base a payments experience they’re accustomed to, optimising available revenue to compete with bigger enterprises.


“For UnionPay users in the UK, MoneySwap is a recognisable and trusted payments provider,” said Pete Casale, Managing Director at MoneySwap. “These tourists will welcome the lack of currency conversion charges and expenditure cap which Chinese tourists currently face when purchasing with cash abroad.”

Sage Pay’s user-friendly technology and pre-programmed UnionPay terminals allow the merchant to simply plug-in-and-play.

“MoneySwap is a key acquirer for UnionPay and chose to partner with Sage Pay over other UK payments providers because of Sage Pay’s flexible technological development, seamless functionality and its high security,” added Casale.

“For small and independent UK businesses to be successful, it’s vital that they can compete with the large enterprises in any way possible,” said Patrick Hannah, Head of Partner Management at Sage Pay. “At the centre of this is a slick payments experience for all consumers and by offering UnionPay, Sage Pay users will be able to accept foreign revenue, aiding their business growth. We are excited at the prospect of being able to offer UnionPay to our customers and we’re thrilled that MoneySwap chose to partner with us.”

This partnership, along with Sage Pay’s DCC (Direct Currency Conversion) and Tax Free shopping functionality, completes Sage Pay’s offering to enable businesses to make the most of overseas shoppers.