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UnionPay International announced on December 25 it worked with the Cooperative and Agriculture Credit Bank of Yemen (CAC) to issue Yemen’s first UnionPay card (card number starting with 62) and enabled local merchants to accept UnionPay cards for the first time. The two sides also signed an agreement to deepen business cooperation. Cai Jianbo, CEO of UnionPay International, and Salah S.Basha, President and CEO of CAC attended the signing ceremony.
CAC possesses outlets covering the largest area and ranks first in terms of card issuance and transaction volume in Yemen. The cooperation between UnionPay International and CAC for card issuance is expected to see UnionPay cards taking half of the amount of bank cards issued in Yemen. The card will provide secure and convenient payment services to local cardholders through UnionPay’s global acceptance network to meet the demand of Yemen for business travel and trade exchanges with the Middle East and Asia. According to the agreement, CAC will enable the acceptance of UnionPay cards by its major ATMs and merchants to increase the UnionPay card acceptance coverage to about 50% on the Yemeni market.
Cai Jianbo introduced the development of UnionPay’s international business. He said to keep up with the friendly cooperative relationship between China and Yemen, UnionPay International has been proactively pushing forward its cooperation with Yemeni institutions to optimize the local UnionPay card acceptance network and to support the trade and personnel exchanges between the two countries. In the future, UnionPay International will work with CAC’s local resources of network and customer base to deepen the two sides’ cooperation in card acceptance and issuance in a bid to provide better services to visitors and local residents.
Salah S.Basha said he attached great importance to the cooperation with UnionPay International and UnionPay is a bank card brand with significant international influence. He said CAC is willing to issue and promote UnionPay card products, expand the coverage of UnionPay card acceptance and the customer base, and work with UnionPay International to enable UnionPay cards to become the first choice of local cardholders.
Currently, more than 33 million UnionPay cards have been issued outside the Chinese mainland. In the Middle East, UnionPay cards are accepted in 11 countries and regions including the UAE, Jordan, Qatar, Saudi Arabia, Bahrain, Kuwait, Turkey, Oman, Yemen, Iraq and Israel. UnionPay cards have been accepted by all POS terminals and 50% of ATMs in the UAE. All the ATMs in Jordan and ATMs in major areas in Yemen allow UnionPay card cash withdrawal.
