China UnionPay secures deal to grow Mobile QuickPass outside the mainland
UnionPay and commercial banks in mainland China recently launched Mobile QuickPass, the unified mobile app for China's banking industry. As such, UnionPay International is accelerating the promotion of UnionPay QR code payment in markets outside mainland China to create more use cases for Mobile QuickPass and is building a model area in southeast Asia, according to a press release.
UnionPay International has partnered with AsiaMalls Management to launch UnionPay QR code payment at six large-scale malls to help expand acceptance.
Meanwhile, UnionPay International and BOC Singapore will jointly launch the 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, according to a press release.
"With the launch of the Mobile QuickPass app, UnionPay is expanding our QR code payment globally by leveraging on resources in and outside China," Cai Jianbo, CEO of UnionPay International said in a release. "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."