Originally Posted by RuthB

Global Bank of Commerce is our current Unionpay Card issuer, but unfortunately they lost the ability to receive incoming USD payments as they lost their USD Correspondent Bank. As a result we cannot send funds to them (to fund the cards or pay for activation) and so that has created a delay with being able to activate and print cards for clients.

We are hoping for resolution but I don't have an update on that at this time.

In the meantime Paxum Bank has already been approved for its own UPI license (unionpay) as a principal issuer. We are now in the next step of the process which is integrating into Card Platforms and Card Printers. This isn't a quick process as certification is not done overnight, but we anticipate this will be finished within 4-6 months and then we will be issuing cards directly ourselves.