99 Wuxian signs payments deal with UnionPay

Shanghai-based, mobile marketplace operator 99 Wuxian is one step closer to its goal to outgrow the Australian market and listing overseas after inking a partnership deal with China’s UnionPay that could expose the e-commerce platform to 4.5 billion Chinese bank card holders.

Sally RoseFinancial services reporter

Oct 27, 2014 – 11.55am

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Shanghai-based mobile marketplace operator 99 Wuxian is one step closer to its goal to outgrow the Australian market and listing overseas after inking a partnership deal with China’s UnionPay that could expose the e-commerce platform to 4.5 billion Chinese bank card holders.

The two parties have signed an agreement to co-develop and launch a new cloud-based point-of-sale platform.

Sally Rose previously covered superannuation, financial services and business Connect with Sally on Twitter.