UnionPay International (UPI) has received Casablanca Finance City (CFC) status, a premier label & regulatory framework granted to companies targeting African business.
By securing this status, UPI joins an elite group of multinational institutions benefiting from a specialized legal, fiscal, and regulatory framework designed to foster regional integration as CFC serves as a strategic gateway for financial services & innovation across the continent.
“We are proud to have obtained CFC status, marking an important milestone in our expansion across Africa,” said Mr. Feng Chen, General Manager of UnionPay International Africa Branch.
“This recognition strengthens our position as a trusted partner in advancing financial infrastructure and enhancing cross-border connectivity. Being part of the CFC ecosystem not only reinforces our commitment to the African market but also enables us to operate more efficiently, supporting greater access to innovative payment solutions for businesses and consumers alike,” he added.
The CFC status serves as a catalyst for UPI’s expansion strategy, allowing the Africa Branch to operate with greater agility. By leveraging fiscal benefits and local regulatory support, UPI is better positioned to serve its partners and cardholders.
In partnership with more than 2,600 institutions worldwide, UnionPay International has enabled card acceptance in 183 countries and regions, with issuance in 85 countries and regions.
Outside China’s mainland, UnionPay is accepted at over 80 million merchants and 1.8 million ATMs. UPI provides high-quality, cost-effective, and secure cross-border payment services to the world’s largest cardholder base and ensures convenient local services to a growing number of global UnionPay cardholders and merchants.
