Latest China UnionPay News: Finextra Research

Tencent and UnionPay integrate QR code systems

Tencent and state-owned China UnionPay are integrating their QR code systems for mobile payments, according to local media reports.

08 January 2020

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China UnionPay to offer European credit cards

The world's biggest card issuer, China UnionPay, has stepped up its European ambitions after striking a deal with a UK back-office startup, Tribe Payments, that will see it offer debit and credit cards in Europe.

03 June 2019

/payments

Huawei Pay enters first overseas market

Chinese multinational conglomerate Huawei is moving to spur global adoption of its riposte to rival contactless payment services from Apple and Samsung with the first overseas roll-out of Huawei Pay in Russia.

04 January 2019

/payments

American Express wins approval to enter Chinese payment card market

American Express has become the first foreign card scheme to win direct access to China's bank card market after winning approval for a clearing and settlement licence from the country's central bank.

09 November 2018

/payments

China UnionPay to enter European market

The world's largest payment card issuer, China UnionPay, is reportedly planning to enter the European market in a move that could cause serious competition for Visa and Mastercard.

17 September 2018

/payments

Mobile wallet providers join forces for unified QR payments in Singapore

Seven mobile wallets, acquirers and payment networks, including Diners Club, EZi Wallet, EZ-Link, Liquid Pay, Mastercard, UnionPay International and Wirecard, have formed a consortium to help push the adoption of a single QR code-based payment scheme in Singapore.

25 January 2018

/payments

China UnionPay and banks create unified payments app

China UnionPay has teamed up with more than 30 local commercial banks and payment institutions to launch a unified app for the country's banking industry.

12 December 2017

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Swatch brings contactless watch payments to China

Swatch is bringing the second generation of its contactless payments-enabled watches to China through a deal with the country's UnionPay card scheme and 11 banks.

18 July 2017

/payments

Card networks bring standardised QR codes to Thailand

Mastercard, UnionPay International and Visa have introduced a standardised QR code for payments by mobile phone at merchant locations across Thailand.

11 May 2017

/payments

Macau to implement facial recognition at ATMs

Macau is to introduce facial recognition for UnionPay cardholders at ATMs in an attempt to curb money laundering in the island territory.

08 May 2017

/payments

IBM and China UnionPay apply the blockchain to loyalty bonus point exchange

IBM and China UnioPpay have demonstrated a blockchain prototype for loyalty bonus points exchange among multiple banks.

23 September 2016

/payments

UnionPay brings QuickPass mobile payments to Canada

Chinese giant UnionPay is making its way to North America through the launch of its QuickPass HCE-based contactless mobile payments service in Canada.

16 August 2016

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