Most Chinese Tourists only have a debit card meaning most solutions available won’t be able to process their card or impose a daily or transactional limit. Smartpay’s partnership with UnionPay solves these problems, processing payment of all UnionPay cards only when funds are available.

A new partnership between UnionPay and Smartpay Australia means that merchants signing up for a Smartpay terminal can now accept UnionPay payments. This might not seem a big deal at first but let’s take a look at the numbers:

Accept UnionPay Card PaymentsOpen up your business to take payments via UnionPay, the most widely used Chinese debit card.

For more info:

www.smartpay.com.au 1800 4 EFTPOS (1800 433 876)

Smartpay Australia Pty Ltd Level 2, 117 York Street, Sydney, NSW, 2000

709,000

709,000 Chinese nationals visit Australia every year and 45% of them are on return trips.

Smartpay is providing access to the $4.8 billion spent in Australia every year by Chinese customers.

Cardholders are looking for China UnionPay

50%

$4.8 BILLION

Chinese tourists accounted for 53% of luxury sales in Australia last year.

53%

27x

UnionPay is the preferred card of the Chinese, who represent Australia’s fastest growing inbound tourist market. It is the card of choice for most Chinese nationals visiting Australia.

Chinese tourists are 27 more times likely to enter a shop front advertising the China UnionPay logo.

Globally, UnionPay accounts for 50% of all the cards in circulation.

The Smartpay Difference

AcceptanceMost banks in Australia now offer UnionPay solutions; however for the most part will only process a UnionPay Credit Card, cobranded Visa or MasterCard. These solutions use a third party to process the card, passing the cost onto the customer by way of additional currency exchange fees. For the many Chinese Tourists visiting Australia this means reduced card and transaction limits, increased fees at home and frustration when a card is declined for seemingly no reason. For Australian Merchants this means they can’t process the majority of Chinese Tourists’s cards.

No Card & Transaction LimitsMost Australian UnionPay solutions limit the customer’s spending to a certain amount every day or every transaction. Merchants find themselves processing multiple card entries to process one sale, or find transactions being declined despite the customer having sufficient funds. Smartpay’s UnionPay Direct solution is just that; direct to UnionPay, so there’s no artificial transaction, no card limits and transactions are processed according to funds available.

Convenient Set UpAs the Smartpay UnionPay Direct solution is completely stand alone, there is no need to change or replace your current EFTPOS terminal. Smartpay provides you with all the required technology to start accepting UnionPay cards and all the marketing material to attract Chinese customers.

Payment solutions made easy

As you’d expect from Smartpay, we’ve made it incredibly easy to move to UnionPay acceptance

No Setup Fee – Smartpay doesn’t penalise merchants for choosing to use our solutions and as a result; doesn’t charge any setup or establishment fees.

No Fixed Contract – Smartpay offers month to month terms with it’s UnionPay Direct solution.

Range of EFTPOS Terminals Available – The Smartpay UnionPay Direct is a multi-platform solution operating over a range of Smartpay EFTPOS terminals.

Call for more information on the Smartpay UnionPay Direct Solution or China UnionPay statistics.

For more info:

www.smartpay.com.au 1800 4 EFTPOS (1800 433 876)

Smartpay Australia Pty Ltd Level 2, 117 York Street, Sydney, NSW, 2000