GCB Bank and UnionPay international make history in landmark deal

GCB Bank PLC and UnionPay International marked a significant milestone in Shanghai, China, with the launch of Ghana's first Yuan- denominated PrePaid cards.

The landmark partnership introduces Yuan prepaid cards that enable direct Yuan payments on QR, POS, ATM and other merchant channels making payments in China more convenient for Ghanaian businesses, traders and travellers while reducing the need for intermediate currency conversions.

Speaking at the ceremony, Managing Director, Farihan Alhassan, reaffirmed GCB's commitment to connecting Ghanaian businesses to global opportunities and strengthening trade relations between Ghana and China.

Also present at the ceremony were GCB Board Chairman, Prof. Joshua Alabi; Board Member, Dr Abdulai Alhassan, Head of SOEs & Afro-Asia Banking, Auriela Baaba Odame; and Chief of Staff, Abraham Ferguson, alongside Larry Wang, Deputy Chairman & CEO, Feng Chen, Deputy General Manager of Africa Branch, Yunfeng Gao, Deputy General Manager of Innovative Product Development; Chuang Li, Assistant General Manager of Business Development; Bright Agbottah, Siyao Zhang, Yiliu Liu, Dantong Yin, Yichen Qian, and other representatives of UnionPay International (UPI).