UnionPay & Lazada team to accelerate online global transactions (2024)

By Gloria Mathias

UnionPay International has announced a partnership with Lazada to enable the acceptance of UnionPay cards on the Lazada app.

This partnership aims to provide more payment options for shoppers especially the Thai community and customers from neighbouring Southeast Asia countries, ultimately driving the number of local and international transactions on Lazada, the online shopping platform in the region.

Michael Shang, Country Manager of UnionPay International Thailand said, “UPI’s partnership with Lazada Thailand is a milestone that marks a significant expansion of convenience and choice for our valued customers. We are committed to enhancing the shopping journey, providing a wider array of payment options, and strengthening our presence in the eCommerce ecosystem. This partnership exemplifies our dedication to delivering solutions that cater to the evolving needs of our customers. This collaboration not only enhances the shopping experience for our customers but also contributes to the growth of Lazada’s customer base.”

Dr. Werapong Goo, Chief Executive Officer, Lazada Thailand added, “At Lazada, one of our top priorities is to provide a superior online shopping experience, of which the integrated and inclusive financial services are the crucial part. With this partnership, UnionPay cardholders can transact securely and conveniently on the Lazada platform as well as enjoy a variety of exclusive privileges. The collaboration also strengthens Lazada’s payment ecosystem in Thailand, enabling us to better serve a broader group of eCommerce shoppers.”

UnionPay has become a recognized and widely accepted payment brand among Thai merchants and residents. Almost all ATMs and merchant POS terminals in Thailand now support UnionPay cards. Based on the ever-growing acceptance network, more and more residents are applying for and using UnionPay cards, and more than half of the top 10 banks in Thailand have issued UnionPay cards, with a cumulative scale of over 10 million cards.

UnionPay International (UPI) focuses on the international business of UnionPay, a global payment network that serves the world Cardholder base.

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