ChamsSwitch, a financial technology company, has announced a partnership with Wema Bank to launch the UnionPay card in Nigeria.
The collaboration, according to the partners, is set to revolutionise the payment experience for Nigerians travelling abroad, especially to China and other Asian countries, as well as for those conducting international online transactions from the comfort of their homes.
Speaking on the development, Managing Director, ChamsSwitch, Dumebi Obodo, said: “We are excited to partner with Wema Bank to bring the UnionPay card to Nigeria. This collaboration aligns with our mission to provide innovative and seamless payment solutions for Nigerians.
“The UnionPay card offers unparalleled convenience and security for our customers, whether they are travelling abroad or making international online purchases. We believe this product will significantly enhance the payment experience and meet the diverse needs of our users.
“UnionPay, recognised as the largest card scheme in the world by card volumes, brings an array of benefits to Nigerian consumers.
“With the introduction of the UnionPay USD prepaid card, ChamsSwitch and Wema Bank are poised to meet the growing demands of Nigerian travellers and business people.
“The UnionPay USD prepaid card is the perfect companion for Nigerians travelling abroad, particularly to China and other Asian countries, where UnionPay is the dominant card scheme. The card ensures a seamless and hassle-free payment experience, allowing travellers to load their cards in Nigeria and withdraw cash from ATMs in their destination countries.
“This is especially advantageous in regions like China where other card schemes may face acceptance issues.”
The UnionPay card is not only beneficial for travellers but also for business professionals and online shoppers in Nigeria. The card facilitates secure and straightforward international purchases, providing a reliable alternative for those who wish to buy products from global online marketplaces.
ChamsSwitch and Wema Bank are committed to offering a cost-effective and secure payment solution.
The UnionPay card is designed to provide lower transaction fees, enhanced security features and a seamless user experience, making it an attractive option for Nigerian consumers.
UnionPay’s extensive global network ensures that cardholders can use their cards in numerous countries worldwide. Notably, UnionPay cards have strong presence and widely accepted in Asia countries such as Japan, South Korea, Singapore, Thailand, Vietnam, Indonesia, Malaysia, Philippines, Cambodia, Myanmar (Burma), Sri Lanka, etc., a region where other card schemes may not function effectively.
The card is also well accepted at BRICS countries. This global acceptance makes the UnionPay card a versatile and indispensable tool for international travelers and businesses.
ALSO READ: Stakeholders seek Makinde’s intervention as health workers’ strike enters 60 days
