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July 3, 2022 0 4 Against the background of the withdrawal of Visa and Mastercard from Russia and the increased demand for cards of the Chinese payment system UnionPay, banks began to increase the number of outlets for issuing such cards. Since the end of June, plastic cards with UnionPay can be issued at Know-How electronics stores.

UnionPay International seals a deal with NASCU to roll out UnionPay cards July 1, 2022 UnionPay International (UPI) today proudly announces a new partnership with National Association of Savings and Credit Unions (NASCU), the apex organisation for all financial cooperatives in Zambia, to issue UnionPay debit Card.

Currently, UnionPay is accepted by more than 90% of merchants in Zambia, with the program pursuing a goal of reaching a million members in three years. Some of the benefits of being a UPI cardholder is the extensive partnership network that spans across 180 countries.

The partnership between NASCU and UnionPay provides support to all forms of savings groups, village banking, and other multipurpose cooperatives involved in pooling members’ savings deposits and shares to finance their loan portfolios.