This strategic alliance will enable Altery to issue UnionPay cards to corporate and consumer clients in the United Kingdom, providing a seamless and secure payment experience to a diverse audience. As a principal member of UnionPay International, Altery will be authorised to issue UnionPay debit cards to a wide range of clients, expanding the company’s financial product suite and offering innovative services tailored to the needs of both consumers and businesses.

“Becoming a principal member of UnionPay International marks a significant milestone for Altery. This partnership will enhance our capability to provide robust financial solutions, furthering our mission to solve payment challenges and empower our customers globally,” says Bisi Giwa, Managing Director, Altery. The UnionPay debit cards issued by Altery will come with several features, including multi-currency cards in USD, GBP, and EUR and the ability to open a new account and order a UnionPay card via Altery’s Telegram app.

The cards will be especially beneficial for UK residents traveling to China, where UnionPay is widely accepted, and for businesses engaging in international transactions. Altery’s UnionPay cards will be available to all verified customers, ensuring broad access across various markets.

Altery aims to incorporate UnionPay cards within its consumer and corporate offerings, simplifying the onboarding process for new and existing customers. With a planned rollout in early Q1 2025, Altery expects a significant market share and client growth increase due to the expanded product line. Fintech startup is committed to expanding its UnionPay offering beyond the UK. The company has outlined a strategic plan to extend its services into the European market and explore additional regions as licensing opportunities arise. This year the company has already announced its partnerships with Telegram and Uzbek UZUM bank. This expansion is part of Altery’s broader vision to provide accessible and comprehensive financial solutions on a global scale.

For more startup news, check out the other articles on the website, and subscribe to the magazine for free. Listen to The Cereal Entrepreneur podcast for more interviews with entrepreneurs and big-hitters in the startup ecosystem.