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Screenshot of a breaking news alert e-mail from Q2 2017
It was announced today by UnionPay International that a number of daily-spending merchants in Canada will start to accept UnionPay mobile QuickPass, which marks the debut of this innovative service in North America. Previously, UnionPay mobile QuickPass has been accepted at over 220,000 POS terminals in Hong Kong, Macau, Taiwan, South Korea, Singapore and Australia.
The merchants accepting mobile QuickPass this time are mainly restaurants, hotels, retail outlets, supermarkets, and convenience stores. Consumers can pay with their UnionPay QuickPass chip cards or mobile QuickPass-enabled smartphones at the contactless terminals in these merchants. No signature is needed when paying less than 100 CAD with UnionPay debit cards, and no PIN nor signature is required when paying less than 100 CAD with UnionPay credit cards.
It is in accordance with international practice to set a cap on micropayment for contactless payment, and it helps ensure card-using security. As UnionPay’s new mobile payment solution, mobile QuickPass supports offline contactless payment with mobile devices like smartphones as well as online payment. It is quick, convenient, and safe, and is therefore gaining popularity among global merchants and cardholders.
The mobile payment products subordinate to mobile QuickPass are compatible with various mobile phone brands and models, including Huawei, MI, ZTE, and Lenovo. Now, UnionPay cards are accepted both online and offline in Canada. Over 85% of the local ATMs and more than 70,000 merchants accept UnionPay cards, and dozens of the local educational institutions support cross-border online tuition payment via UnionPay cards.
According to the latest data, over 2 billion UnionPay chip cards have been issued worldwide, and the innovative application based on chip cards is enriching. Now, over 7 million POS terminals around the globe support mobile QuickPass. Australia has the largest number of QuickPass-accepting terminals; and in >Macao, UnionPay is the most widely used international payment brand in terms of contactless payment.
UnionPay International (UPI) is a wholly owned subsidiary of China UnionPay , established in Nov 2012. UPI is a bankcard association established under the approval of the State Council and the People’s Bank of China, and has become a central and pivotal part of China’s bankcard industry. At present, the Shanghai-headquartered UPI has about 400 domestic and overseas associate members, covering 140 countries/regions. UPI’s innovations enable its bank customers to offer consumers choices: pay now with debit, ahead of time with prepaid or later with credit products.