News stories featuring China UnionPay:
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.”
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.
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.
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…
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…
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”.
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.”
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.
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.
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…
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…
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.
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…
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.
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…
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…
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.
October 10th, 2013
Bank of China (Hong Kong) is to introduce a microSD card based NFC payments service before the end of the year. Selected customers will be able to use the BOC e-Wallet Mobile Payments Service “from…
July 24th, 2013
The NFC mobile payments service introduced last month by China Mobile and China UnionPay will be commercially launched on public transport in Beijing next week, according to CCTV News. The launch follows a trial period…
July 17th, 2013
Payments network China UnionPay has officially launched CUP Wallet, an NFC-based mobile wallet platform which eight Chinese banks have committed to supporting. The new service will support a range of offers linked to credit card spending, China UnionPay says.
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