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

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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

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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

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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

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Chinese firms partner for blockchain payment systems play

Two of China’s largest financial services firms have agreed to work towards the development of a blockchain-based mobile payment system in what has been a busy week for China's burgeoning fintech sector and also a signal of the extent of China's blockchain ambitions.

17 August 2018

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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

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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

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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