UnionPay International expanding QR code payment to encourage the use of the Mobile QuickPass APP

Southeast Asia is the key region for UnionPay QR code payments

SHANGHAI, Dec. 18, 2017 /PRNewswire/ -- Recently UnionPay and commercial banks in Mainland China jointly launched Mobile QuickPass, the unified APP for China's banking industry. UnionPay International is accelerating the promotion of UnionPay QR code payment in markets outside Mainland China to create more using channels of the Mobile QuickPass APP, and is building a model area in Southeast Asia.

UnionPay International partnered with AsiaMalls Management to launch UnionPay QR code payment at six large-scale malls under the latter. Meanwhile, UnionPay International and BOC Singapore will jointly launch BOCSG E-wallet APP within this year, with which customers will be able to enjoy QR code payment after adding UnionPay credit cards to the APP. More merchants in Singapore, Thailand and Indonesia will accept UnionPay QR code payment soon.

"With the launch of the Mobile QuickPass APP, UnionPay is expanding our QR code payment globally by leveraging on resources in and outside China." CEO of UnionPay International Cai Jianbo said, "Based on the continuous expansion of our NFC mobile QuickPass outside mainland China, we are enhancing our cooperation with major global institutions in QR code payment acceptance and e-wallet development, so as to expand the using channels of the Mobile QuickPass APP. Besides, we are seeking cooperation opportunities with retailers outside China to promote UnionPay QR code payment by integrating each other's advantages, so as to offer the secure and convenient UnionPay mobile payment services to more global customers."

Building innovative payment scenarios: NFC mobile QuickPass + QR code payment

In markets outside mainland China, UnionPay is offering various mobile payment solutions, including the NFC payment of mobile QuickPass and UnionPay QR code payment.

UnionPay mobile QuickPass is accepted at over 600,000 POS terminals outside mainland China, across 16 markets like Hong Kong, Macau, Singapore, Australia, Canada, and Russia. It is expected that about one million POS terminals will be able to accept UnionPay mobile QuickPass by the end of the year. Merchants can easily accept the contactless payment with UnionPay chip cards and UnionPay mobile QuickPass after completing chip immigration and contactless modification.