Western Union Partners with ChinaPay for Mobile Payment Solution

Western Union Business Solutions is expanding its partnership with ChinaPay, the online and mobile payments section of China’s bankcard association UnionPay.

The expanded partnership will enable universities worldwide to accept international tuition in Chinese Renminbi (RMB) by combining ChinaPay’s online and mobile payment portals with Western Union Business Solutions’ integrated foreign exchange payment platforms. 

“More students go abroad in China than any other country in the world,” said Kerry Agiasotis, Chief Commercial Officer for Western Union Business Solutions. “Over 1m Chinese students studied abroad in 2011, and China is clearly an important market for universities globally. I am delighted that our partnership with ChinaPay will allow us to create a platform that will make it easy for them to accept local RMB payments in a timely and efficient manner.”