Chinese payment card Union Pay officially launched in Angola

11 July 2018

The Union Pay International card was officially presented on Tuesday by Angola’s Empresa Interbancária de Serviços (Emis) on the first day of the 34th edition of the Luanda International Fair (Filda/2018), which runs until Saturday at the Luanda/Bengo Special Economic Zone, in Viana.

The ceremony, attended by the Chief Executive of Emis, José Gualberto de Matos and the director general of the African branch of Union Pay, Luping Zhang, presented the card, which is issued and topped-up abroad, and which will make it easier for Chinese citizens resident in Angola to carry out transactions without any restriction.

Matos said that the card is an import of services, because when handing over kwanzas to cardholders, “we are receiving foreign currencies, but more importantly, this facilitates the business environment, makes payments easier and safer and more transparent because it prevents people from having to rely on the parallel market.”

Luping Zhang said that each Chinese citizen who has a card will be able to carry out their transactions and have a better life in Angola, “and is now able to take out kwanzas for their daily needs using the cards issued in China,” according to Angolan state news agency Angop.

Union Pay International will pay the commercial banks the amounts taken out in kwanzas using dollars, “which will lead a large amount of foreign currency to enter the country,” said Matos.

Union Pay cards are accepted in 168 countries and regions, 50 of which in Africa, covering more than 26 million merchants and 1.9 million ATMs to date. (macauhub)