Under the terms of the deal, the acceptance of CUP bank cards will be extended to online merchant cross-border payments. The agreement will also enable the China UnionPay to expand into the African market. Both institutions have already ensured that CUP cards are accepted at more than half of merchant stores and 40 percent of ATMs in Mauritius.
China UnionPay is the national bankcard association in China, responsible for operating the unified inter-bank clearing and settlement system and developing the international acceptance network for the China UnionPay card. CUP cards are currently accepted in 130 countries and regions worldwide.
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