China UnionPay is one of the world's leading bank card organizations with 2.6 billion cards issued in more than 14 countries and accepted in 92 countries and territories. E-Group becomes the strategic partner to operate a regional payment gateway to cover Central Europe and the Balkans area.

The first bank to connect to the gateway is OTP Bank, the largest bank in Hungary with a regional network in further 8 countries. The accord was signed by Sandor Csanyi, President and CEO of OTP Bank, the largest bank in Hungary, and Chai Hongfeng, Deputy President of China Union Pay on 26 November. The agreement will enable China UnionPay bank card holders to withdraw cash at 1,800 OTP-operated ATMs in Hungary by the second quarter of 2011, and to make purchases at 15,000 stores equipped with OTP's POS connections by the end of next year.

More details: http://unionpay.egroup.hu