1400

News

UnionPay stepping up activity in Denmark

Christian Wenande
December 3rd, 2018


This article is more than 6 years old.

Chinese card payment giant inks expansive deal with Nets

A stronger foothold in Denmark (photo: UnionPay)

Following an increase of Chinese tourists to the Nordic regions, the Chinese payment giant UnionPay has agreed to an extension to its existing partnership with Danish digital payment firm Nets.

UnionPay, which has the world’s largest cardholder base, is the leading payment method for Chinese cardholders overseas.

“We are happy to announce we are extending our partnership with UnionPay International,” said Asger Hattel, the senior executive vice president at Nets

“Already, many of our customers can serve UnionPay International cardholders, but this new agreement will increase the acceptance in the Nordic region significantly. I am sure that this will be appreciated by our customers as well as Chinese cardholders travelling in the region.”

READ MORE: Denmark among top countries in the world for government e-payment

Global player
According to figures from VisitDenmark, over 260,000 Chinese tourists visited Denmark last year, while other Nordic countries also experienced a significant influx.

UnionPay is accepted by over 3.3 million shops across 40 countries and regions in Europe, while its global presence extends to 171 countries, 52 million merchants and 2.6 million ATMs worldwide.

READ MORE: The future is here: Nets closing in on finger-based payment solution

Finger-pay at CBS
In related news, Nets and Copenhagen Business School (CBS) have agreed to turn the trial run involving the use of a finger-based payment system into a more permanent fixture.

The new payment system, which functions as a form of biometrics, will be implemented in all the university’s canteens.


Share

Most popular

Subscribe to our newsletter

Sign up to receive The Daily Post

















Latest Podcast

A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”