19 March 2018
visit www.nextgenbanking.co.uk

Piraeus Bank introduces Mobile QuickPass for UnionPay cardholders

30 November 2017  |  3437 views  |  0 Source: Piraeus Bank

Piraeus Bank - the leading Bank in Greece - in conjunction with UnionPay International - the Chinese financial services organization with more than 6,1 billion credit, debit and prepaid cards worldwide - introduces QuickPass to Southern Europe for the first time.

Piraeus Bank will enable more than 50,000 merchants in Greece to accept UnionPay QuickPass [contactless] payments with UnionPay cards and mobile phones by the end of this year. The operational POS terminals will support small-sum payments of less than 25 Euro without the need for PIN entry and signature, providing customers with quick, easy and safe spending. This service will be available at department stores, airport duty-free shops, Michelin-starred restaurants as well as restaurants and souvenir shops in Athens and Santorini.

Piraeus Bank is at the forefront of digitalization in retail banking. Subsequent to the introduction of direct flights from Beijing to Athens, Piraeus Bank recognized the need for Chinese visitors to Greece to be able to access quick and easy ways to pay at popular spots across the capital and the islands. According to the Greek-Chinese Economic Council, the gradual increase in the number of flights from China will allow up to 1.5 million Chinese to visit Greece annually, within the next five years.

Commenting on the joint-venture with UnionPay, Ioannis Grammatikos, Assistant General Manager at Piraeus Bank said: “We take pride in leading the contactless experience in Greece and we are delighted to be working with UnionPay to bring QuickPass and contactless payments for QuickPass customers to Southern Europe for the first time.”

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.facebook.com/business/Visit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Can banks be a threat to Big Tech?Can banks be a threat to Big Tech?
8808 views comments | 27 tweets | 38 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
8351 views comments | 9 tweets | 8 linkedin
BIS warns central banks on digital currency issuanceBIS warns central banks on digital currenc...
7164 views comments | 18 tweets | 17 linkedin
Barclays propels Coinbase into Faster PaymentsBarclays propels Coinbase into Faster Paym...
7118 views comments | 15 tweets | 28 linkedin
AI augmenting compliance processesAI augmenting compliance processes
6766 views comments | 3 tweets | 5 linkedin

Featured job

Singapore (or Hong Kong)

Find your next job