RiverPay Accelerating the Expansion of China UnionPay’s Mobile Payments Platform across North American Markets
Summary
FREMONT, Calif.--(BUSINESS WIRE)--Integrated payments and marketing platform RiverPay Inc. today announced that its staged merchant acquisition initiative with China UnionPay is generating widespread traction in the North American retail industry. “The convenience of the mobile app, combined with UnionPay’s deep-rooted financial relationship with Chinese consumers, is helping make it a preferred payments option for visitors to North America. For merchants, the UnionPay mobile app is a key to unlocking the purchasing power of over 7.5 billion cards in China — but some are finding they need help in integrating this boom in potential dollars. To capture the Summer peak season for sales, over 50 retailers and the most popular Chinese restaurants in Toronto will join UnionPay’s coupon reimbursement promotion campaign starting from July, for all consumers using UnionPay app for payments. RiverPay currently serves over 12,000 merchants across North America and Europe, including Saks Fifth Avenue, Hudson’s Bay, Selfridges, Holt Renfrew, Harry Rosen, Holland & Barrett, Prada, Dolce&Gabbana, Tiffany & Co., De Beers and Max Mara.