ANZ Introduces UnionPay

ANZ yesterday introduced the latest in technology for its EFTPOS terminals for UnionPay cardholders. The new product was launched by ANZ Bank country head Saud Minam and UnionPay Chairman Ge
21 Nov 2018 12:41
ANZ Introduces UnionPay
From left: ANZ Country Head Saud Minam (left), shakes hands with UnionPay Chairman Ge HuaYong after the launch at the Sofitel Fiji Resort and Spa on November 20. In the middle are Kulaia Saumia and Becky Zhou of Rosies Travel. Photo: Charles Chambers

ANZ yesterday introduced the latest in technology for its EFTPOS terminals for UnionPay cardholders.

The new product was launched by ANZ Bank country head Saud Minam and UnionPay Chairman Ge HuaYong at the Sofitel Fiji Resort and Spa on Denarau, Nadi in front of invited guests including tourism industry stakeholders and bank officials.

UnionPay is contactless technology and be available to its EFTPOS terminals across Fiji, Vanuatu, Tonga, Samoa, Cook Islands, Kiribati, Solomon Islands and East Timor for UnionPay cardholders.

“UnionPay is the leading card network throughout China,” Mr Minam, said at the launch yesterday.

“With the number of Chinese tourists and business people visiting Fiji and the Pacific increasing every year, it’s important we provide more convenient and secure ways of paying for products and services.”

“Chip technology and contactless payments are fast becoming the global standard for card security, because it is harder for card details to be fraudulently copied than older-style cards where information was stored on a magnetic strip.”

He said as the market leader in the Pacific, ANZ would continue to deliver new digital initiatives for its customers.

“Fiji is a popular travel destination for Chinese tourists,” Mr HuaYong said.

“As the preferred payment brand for Chinese people, UnionPay aims to provide safe and convenient payment services to our cardholders visiting the country.”

“Our deepened partnership with ANZ, our significant partner in the Asian-Pacific region will give our cardholders better payment experience while bring more customers to local merchants, thus realise a win-win result,” Mr HuaYong added.

UnionPay cardholders can immediately make contactless payments at ANZ’s EFTPOS terminals and ATMs in Australia and New Zealand.

UnionPay wInternational (UPI) is a subsidiary of China UnionPay focused on the growth and support of UnionPay global business.

UPI has enabled card acceptance in 170 countries and regions, covering 51 million merchants and 2.6 million ATMs worldwide.

More than seven billion UnionPay cards are issued in 49 countries and regions.


ANZ welcomes commitment to help Pacific Island producers meet global demand

Meanwhile, ANZ’s Regional Executive for the Pacific, Tessa Price, on Monday welcomed the New Zealand government’s commitment to the Pacific Horticultural and Agricultural Market Access (PHAMA) Plus programme.

“Any initiative that helps Pacific Island producers meet global demand is welcomed.

“As I travel to rural communities across the Pacific, I see abundant fertile land, under-tapped agriculture and fishing industries, and a young, willing population.

“As we outlined in our recent economic report on Pacific Island countries, a richer Asia is providing opportunity for growth. Exports play a key part in supporting this growth, as it brings income and broadens the economic base which will support jobs.

“This NZ-Australia initiative will focus on productivity improvements and enhancing product quality. This is sensible; there’s no point in creating external demand if you cannot meet it or supply the products.

“It can be hard to navigate regulatory requirements, manage cash flow and stay on top of the day to day work.

“Our own MoneyMinded Business Basics program has been delivered to more than 600 participants in the Pacific, helping give people the knowledge, skills and experience to establish their own profitable and sustainable businesses. But we know there is still more work to be done.”

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