UnionPay Solutions to Reach More CIMB Merchants in Strategic Partnership
UnionPay International (UPI) and CIMB Bank Berhad (CIMB) have formalised a partnership to advance Malaysia's digital payments landscape. Under a newly signed MoU, UnionPay solutions will become more widely available to CIMB merchants, particularly in frequently used sectors, including retail, transportation, and healthcare.
As part of the collaboration, UPI will provide CIMB's merchants with access to its proprietary security authentication service. This initiative is expected to optimise Malaysia's e-commerce and digital payment acceptance environment, making transactions safer and more efficient for consumers and businesses alike.
Representing UnionPay International were Dong Junfeng, Chairman of China UnionPay and UnionPay International; Larry Wang, Chief Executive Officer of UnionPay International; and Dr Jian Jiangtao, Managing Director of UnionPay International (SEA).
CIMB was represented by Gurdip Singh Sidhu, Chief Executive Officer of CIMB Malaysia and CIMB Bank Berhad, alongside Daniel Cheong, Head of Consumer Banking Malaysia, CIMB.
Dong Junfeng highlighted the significance of the partnership, stating, 'UnionPay has been operating in Malaysia for over 20 years. This collaboration with CIMB marks an important step in advancing UnionPay's payment network in Malaysia through inclusive, secure, and interconnected financial infrastructure. Malaysia remains a vital hub for regional payment innovation, and we are proud to deepen our cooperation to support seamless cross-border commerce and digital transformation. Together, we aim to deliver greater convenience and trust to consumers and businesses across the region.'
Gurdip Singh Sidhu added, 'This partnership highlights CIMB's focus on advancing payment solutions that bring greater convenience and growth potential for our customers. It also strengthens our ASEAN–China and global connectivity, which is especially valuable for cross-border travel and trade.'
This development follows the recent agreement between China and Malaysia to deepen bilateral relations. In April 2025, the two nations committed to building a strategic China–Malaysia community with a shared future, including initiatives to ease visa requirements and promote productivity cooperation. In line with this, UnionPay is continuing to expand its payment acceptance network across Malaysia, where over 90% of local merchants now accept UnionPay cards.
This collaboration will further extend UnionPay's reach among CIMB merchants, including selected gas stations, transportation ticket counters, major hospitals, highway toll stations, vending machines, shopping mall parking systems, and other key payment points. The move will enhance UnionPay's acceptance and improve the overall customer experience. Related
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