China UnionPay has invested an undisclosed sum in Jetco, the largest ATM network operator in Hong Kong and Macau... More
China UnionPay
Swatch CEO discusses NFC watch plans
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 will be able to use their watch to make payments around the world... More
Berg Insight reports on NFC POS terminal growth
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 compound annual growth rate of 28.4% from 21.4m in 2014 to 74.9m in 2019... More
Apple Pay hits delays in China
“Apple Pay has hit bumps in China despite Apple’s efforts to make friends with Alibaba and UnionPay,” Caixin reports... More
Android Pay to use fingerprint security
Android Pay, the mobile payments service being developed by China UnionPay, will use both NFC and fingerprint verification, Want China Times reports... More
CUP to launch Android Pay in China
China UnionPay (CUP) is planning to introduce “Android Pay”, an NFC-based mobile payments service, in the third quarter of 2015, Yicai reports... More
CUP moves to block Alipay
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... More
Watchdata launches wearables that support NFC payments
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... More
EMV hits nearly 30% of global card-present transactions
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 United States... More
Samsung Pay lands in China
Samsung’s version of Apple Pay is now live in China, Korea’s Yonhap news agency reports... More
China Mobile picks Gemalto for NFC ticketing in Beijing
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.”... More
China UnionPay to offer QR payments?
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... More
Brightwire: Apple signs mobile payments deal with China UnionPay
“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 “a source close to the matter”... More
EMVCo publishes tokenization framework specification
The first version of the EMV Payment Tokenization Specification has now been published and is available to download... More
Xiaomi Mi3 uses Oberthur SE
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... More
Bank of China launches NFC payments in Hong Kong
Bank of China (Hong Kong) is to introduce a microSD card based NFC payments service before the end of the year... More
NFC mobile ticketing to go live in Beijing
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... More
CUP Wallet to include offers
Payments network China UnionPay has officially launched CUP Wallet, an NFC-based mobile wallet platform which eight Chinese banks have committed to supporting... More
China Mobile and China UnionPay test NFC on public transport
The NFC mobile payments service launched earlier this month by China Mobile and bank card association China UnionPay has been pilot tested on public transportation services in Beijing, reports TechWeb China... More
China Mobile and China UnionPay launch NFC payments service
China Mobile, the world’s largest mobile network operator, and Chinese bank card association China UnionPay have announced that their NFC payments service is now live in more than fourteen Chinese cities, including Shanghai, Beijing and Guangzhou — and eight banks have signed up to make use of the partners’ platform... More