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Millennium bim will issue credit cards from Chinese financial institution UnionPay, the leading provider of credit card services and payment systems worldwide. The bank will make UnionPay debit and credit cards and related services available in Mozambique.
The agreement between Millennium bim and UnionPay was signed on September 2 in Beijing during a business meeting organised by the Agency for the Promotion of Investment and Exports (APIEX), the Confederation of Economic Associations (CTA) and the embassy of Mozambique in China. The meeting of Mozambican and Chinese entrepreneurs was held within the framework of the China-Africa summit, which was attended by Filipe Jacinto Nyusi, President of the Republic of Mozambique.
The Memorandum of Understanding between the two companies also creates a long-term relationship between the two financial institutions, facilitating Millennium bim clients’ access to the Chinese market.
Founded in 2002 and headquartered in Shanghai, China, UnionPay currently manages more than five billion cards in more than 150 countries around the world. It is currently the world’s leading financial and payment services company.
According to Millennium bim’s Moisés Jorge, “this is a very important agreement for the bank because it allows access to a strategic market for Mozambique, which has huge growth. It is also the first step in a partnership between Millennium bim and UnionPay which will undoubtedly have enormous benefits for our customers,” he added.
The aim of Millennium bim is to remain at the forefront of innovation by providing its customers with the best services in the best conditions.
Millennium bim is the largest financial group in Mozambique, and currently has 1.8 million customers, an indication of the confidence of Mozambicans have in the bank’s contribution to banking, financial inclusion, and its support for investment and development in the Mozambican economy.Source: Millenium bim / Press Release