China’s UnionPay International has certified its card manufacturing and card personalization sites in the UAE to manufacture cards locally.
Following the certification, UAE banks can acquire their UnionPay cards locally and will no longer require importing UnionPay cards from outside the region.
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The payment services provider has certified two firms that will develop the card, starting with production of the plastic for the cards to the printing of names and other required fields.
They will also develop both UnionPay Magstrip and EMV cards to serve local banks in the country and banks around the world.
UnionPay International deputy general manager (in charge) of Middle East Han Wang said: "This is a great milestone and a giant leap in the UAE that UnionPay cards start producing locally. We are proud to partner with highly skilled and experienced local card manufacturers to better work with our issuers here in the UAE."
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By GlobalData
