International card processor Rahaxi is working together with Chinapay, the online arm of China Unionpay (CUP) to create a platform that will enable European banks and merchants to accept Chinese credit cards for the first time.

All CUP cardholders can now book online flights and make hotel and car reservations, prior to departing to Europe. Previously most CUP cardholders needed to use travel agents in China and were restricted to group tours. This lets the individual cardholder make there own plans when visiting Europe on business or pleasure.

Paul Egan, CEO and Chairman of Rahaxi Inc., explained, “We are expected to work with over 500 e-commerce travel and hospitality sites in our first year. This is a first for European Merchant sites being able to accept China Pay clients using CUP cards over the internet outside of China.”

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