Country for PR: China
Contributor: PR Newswire Asia (China)
Thursday, September 03 2020 - 17:42
AsiaNet
UnionPay Continues To Expand Contactless Payments Network In Australia
SYDNEY, Sept. 3, 2020 /PRNewswire-AsiaNet/ --

After extending its service ( 
https://en.prnasia.com/releases/apac/unionpay-international-extends-service-reach-to-help-cardholders-in-australia-stay-safe-during-covid-19-outbreak-283219.shtml) 
in June aimed at helping UnionPay cardholders in Australia stay safe during the 
Covid-19 outbreak, UnionPay has announced its contactless payments acceptance 
rate has increased from 58% to 66% to now cover 323,000 merchants across the 
country.

The increase, which comes at a time when international student flights are 
poised to restart in September, means an even smoother payment experience to 
UnionPay cardholders in Australia, where 90% of ATMs and 85% of POS terminals 
already accept UnionPay cards.

Among the payments providers accepting QuickPass in Australia is Tyro, which is 
the fifth largest payments provider by number of terminals with about 63,000 in 
market. Tyro has a large footprint in the retail and dining sectors right 
across the country.

Contactless payments have enjoyed a significant rise in usage amongst 
Australians. Australia has become the largest user of contactless payments in 
the world, and around four in five Australian consumers use tap and go payments 
every week.[1] In answer to this trend, UnionPay has actively encouraged the 
adoption of contactless payment by increasing the payment limit from AUD 100 to 
AUD 200, since the Covid-19 outbreak. 

[1] https://www.mobiletransaction.org/au/tap-and-go-trending-in-australia/
 

About UnionPay International
UnionPay International (UPI), a subsidiary of China UnionPay, is focused on 
international business. In Australia, UnionPay has partnered with major 
Australian banks such as ANZ, NAB, Westpac and CBA, with 90% of ATMs and 85% of 
POS's accepting UnionPay cards. UnionPay International provides high quality, 
cost-effective and secure cross-border payment services to the world's largest 
cardholder base. It ensures convenient, localized services to a growing number 
of global UnionPay cardholders and merchants.

For more information, please visit www.unionpayintl.com/en

Source: UnionPay International