News stories featuring China UnionPay:
May 19th, 2016
Samsung Pay users across the US can now add their merchant membership and loyalty cards to the mobile payment service and receive savings, rewards and other offers by having a card’s barcode scanned by the cashier at the point of sale.
April 25th, 2016
Chinese smartphone maker Xiaomi is to launch an NFC based Xiaomi Pay mobile payment service in partnership with China UnionPay. “The two parties will design a mobile payment product for Xiaomi’s smartphones,” Xinhua News Agency reports, adding that the companies have yet to specify a timetable. The announcement follows the unveiling of handset maker Huawei’s Huawei Pay NFC service that is also set to launch in China.
April 20th, 2016
Samsung Pay will launch in Singapore in the second quarter of this year, the company has announced, adding it to South Korea, the US and China on the list of Samsung’s “priority markets”. The service will launch…
March 29th, 2016
Samsung Pay has begun rolling out across China, letting consumers make mobile payments with a compatible device “virtually anywhere you can swipe or tap your card” using their China UnionPay debit and credit cards.
March 22nd, 2016
Handset maker Huawei has partnered with bank card association China UnionPay for the roll out of Huawei Pay, an NFC-based mobile payment service that makes use of tokenization technology and is expected to be available on a wide range of Huawei handsets.
March 7th, 2016
Chinese shoppers activated 3m bank cards with Apple Pay within two days of the mobile payment service’s launch, according to China Merchants Bank. “China Merchants Bank says its customers connected 1m bank cards with Apple Pay in the first two days of the launch, representing 35% of cards connected,” Internet Retailer reports. “China UnionPay reported that Apple Pay users spent 101 yuan (US$15.5) on average on the first day of the service and about 47% of purchases were above 10 yuan ($1.5).”
February 29th, 2016
A “small handful” of major French banks are now poised to sign deals to bring Apple Pay to France “by the end of the year”, Les Echos reports, following months of negotiations over the share of transaction fees Apple should receive from card issuers. The recent deal between Apple and China UnionPay “is auspicious because it shows that Apple may make concessions,” one observer told the French newspaper.
February 26th, 2016
Payment networks China UnionPay and Visa have signed a memorandum of understanding (MOU) in Shanghai to collaborate on “providing cardholders with more convenient, secure and highly efficient payment services” with a focus on security, innovation and financial inclusion. “The MOU provides an important platform for CUP and Visa to work together to strengthen and create new value for the bank card ecosystem benefiting consumers, merchants, financial institutions and technology partners,” Visa says.
February 21st, 2016
Samsung Pay now has approximately five million users in South Korea and the US who have processed more than $500m through the mobile payment service in the first six months since its launch. The service is due to be rolled out in China next month, Samsung has revealed, followed by a global expansion to Australia, Brazil, Singapore, Spain, the UK and Canada later in the year.
February 18th, 2016
Apple Pay has begun rolling out across China, letting consumers pay in-store with compatible Apple devices using their China UnionPay credit and debit cards at QuickPass-enabled POS terminals as well as make purchases within participating mobile apps.
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.”
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.”
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.
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.
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…
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.
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.
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…
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.
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.”
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