New partnership between Barclaycard and UnionPay in UK

Chinese travellers to UK will be able to use their preferred payment method at 110,000 UK shops, restaurants and hotels, starting from next summer.

China is one of the most valuable inbound markets for UK, with VisitBritain confirming a 31% rise in bookings in the first semester of 2019 compared to the same period last year. Visitors from China are also the highest spenders, more than three times the other markets average.

Thanks to the new partnership between Barclaycard and UnionPay International – a subsidiary of China UnionPay focused on its business development worldwide – Chinese cardholders will be able to settle payments with their UnionPay cards and their smartphones, both in-store and online, across Barclaycard’s UK merchant network – including retailers, transport providers, hotels and restaurants.

UnionPay’s acceptance rate in the UK will increase to about 70%, being accepted now at over 300,000 merchants and the majority of ATMs.

Other than Chinese tourists, also visitors from Thailand, South Korea and Singapore frequently use UnionPay cards as preferred payment method during their trips to Great Britain.

The deal will benefit both the consumers and the UK merchants, which will see the payment process for international travellers simplified.

 

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