Thursday 26 November 2015 | RSS


    China UnionPay

    News stories featuring China UnionPay:

    Apple Pay signs deal with China UnionPay?

    November 25th, 2015

    Apple Pay has reached an agreement with China UnionPay to use its point-of-sale network to introduce the mobile payment service in China, according to Bloomberg. “Details of the agreement are yet to be finalized, pending feedback from banks that issue cards,” the publication reports. Apple is reportedly planning to launch Apple Pay in China before 8 February 2016.

    G&D provides NFC chip and operating system for Swatch smartwatch

    November 4th, 2015

    PARTNER NEWS: Giesecke & Devrient (G&D) is providing the embedded smart card chip and operating system used in the NFC contactless payment smartwatch launched by Swatch in China last month. “We are very proud and… More

    Swatch launches NFC payment watch in China

    October 14th, 2015

    Swiss watchmaker Swatch has launched an NFC watch in China in partnership with China UnionPay and Bank of Communications that will let consumers make payments with a tap of their wrist in stores across the country. More

    LG U+ to issue UnionPay mobile credit cards in China

    August 12th, 2015

    Korean mobile network operator LG U+ will issue UnionPay mobile credit cards and payment services in China, in partnership with KB Kookmin Card, from next month. “The telecoms operator is about to obtain approval from the People’s Bank of China,” Business Korea reports. “The users can use NFC-based mobile credit card payments at five million UnionPay terminals in China.”

    Macau shops to get Alipay mobile payments upgrade

    July 7th, 2015

    Shops and restaurants in Macau which accept the Macau Pass contactless card can now apply to upgrade their terminals to enable support for Alipay mobile payments and China UnionPay Quick Pass cards. “This new service mainly targets the city’s souvenir shops, supermarkets, convenience stores, bakeries and restaurants,” George Zhang from Macau Pass’ said in Macau Business Daily.

    China UnionPay to take NFC to Hong Kong

    June 19th, 2015

    China UnionPay has invested an undisclosed sum in Jetco, the largest ATM network operator in Hong Kong and Macau. The companies plan to co-develop mobile payment technologies, aiming to introduce a service supporting UnionPay’s NFC QuickPass this year. “The bank card association said it would also work with Jetco to develop apps for smartphones and improve existing online payment services,” Caixin reports. Jetco first began working on NFC services in Hong Kong in 2013.

    Swatch CEO discusses NFC watch plans

    March 13th, 2015

    Swatch will launch its first watch containing an NFC chip within two months, CEO Nick Hayek has announced — and deals signed with China UnionPay as well as one other payments network mean that owners… More

    Berg Insight reports on NFC POS terminal growth

    February 24th, 2015

    An estimated 9.5m NFC-ready point-of-sale (POS) terminals were shipped worldwide in 2014, research from Berg Insight has revealed, and the company forecasts that the global installed base of NFC-ready POS terminals will grow at a… More

    Apple Pay hits delays in China

    February 16th, 2015

    “Apple Pay has hit bumps in China despite Apple’s efforts to make friends with Alibaba and UnionPay,” Caixin reports. Talks between Apple and the national payments network, which were due to lead to an agreement in March, “have stalled”, the report adds, while Apple still has regulatory hurdles to overcome as “it’s unclear whether the product meets the government’s requirements for a commercial operation”.

    Android Pay to use fingerprint security

    November 27th, 2014

    Android Pay, the mobile payments service being developed by China UnionPay, will use both NFC and fingerprint verification, Want China Times reports. “Android Pay adopts a similar model to Apple’s Apple Pay,” the report explains. “The difference is that there are more partners UnionPay can choose to produce the security recognition modules with and thus UnionPay may have greater influences on users than Apple Pay.”

    CUP to launch Android Pay in China

    November 25th, 2014

    China UnionPay (CUP) is planning to introduce “Android Pay”, an NFC-based mobile payments service, in the third quarter of 2015, Yicai reports. CUP is in discussion with a number of mobile phone manufacturers to support the service, the article adds, and is working with Lenovo on POS terminal support.

    CUP moves to block Alipay

    November 17th, 2014

    China UnionPay (CUP), the country’s official card payments network, has issued notifications to its member banks to tell them “to avoid working with third-party payment services like Alipay”, Want China Times reports. Alipay now has a 50% market share in China, the report adds, while CUP has an 11.9% share. Apple, which today added CUP cards as a payment option to its App Store, has been reported to be in talks with China UnionPay and also with Alipay about partnering to bring Apple Pay to China.

    Watchdata launches wearables that support NFC payments

    November 5th, 2014

    Singapore-based Watchdata Technologies has unveiled Sharkey, a wearable device that supports NFC payments and comes in two form factors — a smartwatch or a wristband. Sharkey connects with a wearer’s Android or iOS phone via Bluetooth… More

    EMV hits nearly 30% of global card-present transactions

    November 4th, 2014

    Almost 30% of all card-present transactions conducted globally between July 2013 and June 2014 used the EMV chip card standard, EMVCo has revealed, with the highest usage in Western Europe and the lowest in the… More

    Samsung Pay lands in China

    October 2nd, 2014

    Samsung’s version of Apple Pay is now live in China, Korea’s Yonhap news agency reports. The phone maker has taken a similar route to Apple by partnering with EMVCo member China UnionPay, which has an installed base of 3.6m contactless POS terminals, for the launch of an NFC payment service for users of its devices. “The tie up with UnionPay, which controls 80% of China’s offline payment market, is expected to give Samsung a head start in the mobile payment sector,” the agency says.

    China Mobile picks Gemalto for NFC ticketing in Beijing

    September 25th, 2014

    China Mobile, the world’s largest mobile network operator, has chosen Gemalto to supply it with NFC-enabled SIMs “to protect consumer credentials used for mobile contactless applications​, starting with mass transit services in Beijing.” The SIMs… More

    China UnionPay to offer QR payments?

    July 11th, 2014

    China UnionPay is developing a QR code-based mobile payment service that will provide a way to make both online and offline mobile payments, according to Marbridge Consulting. The company, which has been heavily involved in the rollout of NFC payments in China, is now in discussions with banks regarding promotional activities for the new service, the report says.

    Brightwire: Apple signs mobile payments deal with China UnionPay

    May 12th, 2014

    “Apple is likely to incorporate a near field communication (NFC) payment function in the next generation iPhone and has reached an agreement with China UnionPay on a mobile payment service,” investment newswire Brightwire reports, citing… More

    EMVCo publishes tokenization framework specification

    March 11th, 2014

    The first version of the EMV Payment Tokenization Specification has now been published and is available to download. The document sets the scene for the arrival of MasterCard, Visa, American Express, Discover, JCB and UnionPay… More

    Xiaomi Mi3 uses Oberthur SE

    October 29th, 2013

    Chinese smartphone manufacturer Xiaomi has included Oberthur Technologies’ Pearl embedded secure element in its Mi3 handset — a device which sold 100,000 units in under 90 seconds when it became available earlier this month. The Pearl is certified for NFC payments by Visa, MasterCard and Google and is undergoing certification by China UnionPay. It also supports strong authentication, transit, access and loyalty applications.

    RSS Feed for stories featuring China UnionPay.

    • Find a list of all the companies and other organisations that have been featured in NFC World+ in our directory.

    Page 1 of 3123