MoU To Expand And Deepen Access Of UnionPay International Solutions Among CIMB Merchants

KUALA LUMPUR, May 28 (Bernama) -- UnionPay International (“UPI”) and CIMB Bank Berhad (“CIMB”) have entered into a memorandum of understanding (“MoU”) to improve payment services in Malaysia. This strategic collaboration, will enhance the payment experience for UnionPay cardholders, particularly in high-frequency sectors such as retail, transportation, medical care, and e-commerce. As part of this partnership, UPI will also equip CIMB’s merchants with access to its proprietary security authentication service, thereby optimizing Malaysia's e-commerce and digital payment acceptance environment.

UPI was represented by Dong Junfeng, Chairman of China UnionPay & UnionPay International, Larry Wang, Chief Executive Officer of UnionPay International and Dr. Jian Jiangtao, Managing Director, UnionPay International (SEA), while Gurdip Singh Sidhu, Chief Executive Officer of CIMB Malaysia and CIMB Bank Berhad, and Daniel Cheong, Head of Consumer Banking Malaysia, CIMB represented CIMB.