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- China’s largest payments provider UnionPay is making major strides into Europe by launching a partnership with UK fintech start up Tribe Payments.
- The state-run giant’s expansion is a “a very aggressive move into the European market,” says Suresh Vaghjiani, CEO of Tribe Payments.
- Tribe Payments was founded by payments industry veterans who have worked first hand at fintechs and challenger banks such as Monzo, Revolut, and Starling in an attempt to create a globally scalable backend payments system.
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