ANZ is a super-regional bank represented in the key markets of New Zealand, Australia, Asia and the Pacific, with more than five million customers and assets of over $274 billion.
UnionPay is the world’s fastest growing global payment network, operating in 150 countries with over 4.5 billion cards currently in circulation.
The first phase of this project has gone live in Australia within the last month, seeing ANZ continue to enhance its reputation for innovation by becoming the first Australian bank and the first bank in the southern hemisphere to accept contactless and EMV-enabled UnionPay cards. The second phase, which will be implemented later this year, will see ANZ accepting UPI cards across the entire Oceania and APAC region.
CR2’s card management acquiring solution is helping ANZ to acquire, recognise, and treat transactions for cards issued by UPI, and routing the right transaction to the right network. This allows UnionPay cardholders to make payments at any accepting merchant or withdraw cash from an ANZ ATM across Asia with their UPI card. CR2 continues to provide ANZ with a switching and processing solution which is robust, precise and fast, letting UPI cardholders enjoy hassle-free transactions when travelling throughout Asia Pacific.
“At ANZ, we continue to offer our customer the best possible experience and services when travelling internationally as well as when at home. As such, giving them the convenience to use UPI cards at ANZ ATMs and accepting merchant terminals fits in with our super regional strategy and customer focus,” said ANZ director of Cards and Payments for Global Programs, Justene McDowell.
Lance Gourlay, corporate accounts director at CR2, commented, “We are privileged to be partnering with ANZ in driving this innovative acceptance of UPI cards. ANZ and CR2 have a longstanding and successful relationship, which has allowed us to work together in offering customers choice, convenience and flexibility. We hope to continue moving forward with ANZ in enabling the best possible user experience and the provision of market leading services.”