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    China UnionPay

    News stories featuring China UnionPay:

    A third of online transactions now made on mobile

    January 27th, 2016

    More than a third (34%) of browser-based online transactions globally are now made on a mobile device, compared to just over 30% last quarter, research from Adyen reveals. “The increase is driven particularly by major Asian-based payment methods including JCB, UnionPay and Alipay,” the firm says. “The UK continues to lead the way in mobile payment adoption, with 49% of online transactions on mobile devices.”

    Samsung Pay to let South Koreans pay in China and US

    January 22nd, 2016

    Samsung Pay users in South Korea will soon be able to make payments in China and the US using cards issued by South Korean card companies. “Samsung is going to finish linking foreign payment system with KB Card, Samsung Card, Lotte Card and Hana Card and start Samsung Pay service at foreign merchants at the end of this month,” ET News reports. “These four card companies have negotiated with Visa, MasterCard, UnionPay, JBC and others for Samsung Pay’s foreign payment.”

    Samsung Pay to become market leader in Asia?

    January 7th, 2016

    Samsung Pay will become the mobile payments market leader in Asia, with a 49% share of the market in 2016, a Korean investment firm predicts. “Hyundai Securities is estimating that 200m Samsung smartphones will have Samsung Pay next year,” Etnews reports. “As Samsung joins hands with UnionPay, it is expected that Samsung Pay’s influence will expand starting from China.” Samsung announced its partnership with China UnionPay in December 2015.

    Samsung Pay to launch in China with China UnionPay

    December 18th, 2015

    Samsung has partnered with China UnionPay to bring its Samsung Pay mobile payments service to China in early 2016. The announcement comes as Apple reveals that it has also partnered with the bank card organisation to bring Apple Pay to Chinese consumers next year. More

    Apple Pay to go live in China in early 2016

    December 18th, 2015

    Apple Pay will launch in China in early 2016 through a partnership with bank card association China UnionPay and with support from 15 of the country’s banks. “Apple Pay will roll out to China UnionPay cardholders… More

    Swatch confirms payment watch launch in US, Switzerland and Brazil

    November 30th, 2015

    Swiss luxury watchmaker Swatch has confirmed that it has signed an agreement with Visa and Visa Europe to enable eligible cardholders in the US, Switzerland and Brazil to tap and pay with the Swatch Bellamy watch. More

    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

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