UNLIMINT AND DISCOVER SIGN AN ACQUIRING AGREEMENT - Unlimint
Press Release

UNLIMINT AND DISCOVER SIGN AN ACQUIRING AGREEMENT

June 24, 2021 3 min read

The agreement will increase international acceptance for all Discover Global Network Cardholders and provide additional payment options to Unlimint’s clients across 3 continents.

Unlimint team
Your payment experts

London, June 2021 – Unlimint and Discover signed a strategic agreement that increases the global acceptance footprint for Discover Global Network and furthers Unlimint’s goal to help businesses worldwide be “ready for tomorrow”.

This alliance enhances Unlimint’s strategy to expand the number of payment options available to their clients worldwide and provides more choices to consumers on how they want to pay. The agreement will benefit Unlimint customers by increasing the number of payment options available and provide them the ability to accept payment from Discover Global Network Cardholders from around the world.  Discover Global Network Cardholders, on the other hand, will have the opportunity to shop with an array of online international merchants across 3 continents – Europe, Asia and Africa. 

With various reports highlighting the fact that consumers’ digital-centric shopping behavior will continue in 2021 and beyond, being on top of the payment methods game and being able to offer customers their preferred payment option is crucial for businesses that are trying to survive in the new reality of things. Retail ecommerce sales surged to 27.6% worldwide in 2020 and are projected to grow 14.3% this year, as buyers and sellers now prefer digital options over face-to-face due to both safety, speed & convenience.

 “As the fastest growing global payments network1, Discover is a major player in the payments world. With 60% of shoppers apprehensive to go back to stores due to new spikes in Covid-19, allowing our clients to provide Discover Global Network cards as a payment option is a must if we intend on supporting them in their journey to global expansion and growth,” said Kirill Evstratov, CEO at Unlimint. “This is especially an important step for our clients in Asia and South America, as those are the leading regions with the most share of customers that shopped online in 2020. We pride ourselves in taking our mission to offer global availability very seriously and always look to expand our payment methods portfolio, so that merchants can offer localized options for selling to their customers.”

“By working with Discover, we enrich our cooperation with international payment schemes and are better positioned to serve our customers – offering them a more comprehensive payment solution under one roof for international payments and allowing them to serve a broader range of customers,” added Robert Ang, Unlimint’s General Manager for APAC. “Our strong digital focused customer base will also allow Discover to extend their product offering globally”.

“The partnership between Unlimint and Discover will expand our digital acceptance footprint in Asia Pacific and globally, opening new avenues for us to collaborate and honour consumer choice, It will also drive greater benefits to merchants by offering our cardholders across the world more options in how and where they pay online and in-app,” said Jonathon Gould, Regional Managing Director, Global Acceptance, Asia Pacific at Discover. “As more merchants embrace e-commerce in their growth strategy and further pivot to digital amidst the global pandemic, we are committed to working with our acquiring partners to expand our payment acceptance, both in person and online.”

Discover Global Network has over 50 million merchant acceptance locations and two million ATM and cash access locations across more than 200 countries and territories. Discover Global Network includes Discover Network, Diners Club International, PULSE and more than 20 alliance partner networks across the globe.

About Unlimint ++ 

Founded in 2009, Unlimint (formerly Cardpay) provides fast-growing innovative businesses with a constantly evolving business interface, made by innovators for innovators, and designed to make the financial world of tomorrow closer to businesses here and now. From London to Singapore and from San Francisco to São Paulo, we help local clients enter new markets, and global businesses to explore new industries and reach new milestones. Following the highest banking industry standards, we are dissolving the borders that have previously limited international expansion. For more information, visit https://www.unlimint.com

1 Based on signed network alliance agreements over the past ten years with major payment networks within respective countries – Panoramic Research study, conducted 2018

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