With a significant track record of developing and implementing advanced payment 
methods around the globe, UnionPay International (UPI) is now introducing 
UnionPay QR code payment technology to merchants in Australia and New Zealand.

UnionPay, the international payment network serving the world's largest 
cardholder base, will be introducing the new technology in response to the 
growing merchant and user demand for safe, easy, and frictionless mobile 
payment systems as a result of the COVID-19 pandemic.

UnionPay QR code payment is accepted at over 30 million merchants in 41 
countries and regions. It was first launched in 2017, in compliance with the 
EMV® specifications to offer higher security and interoperability. In the same 
year, UnionPay launched the UnionPay app, a one-stop mobile payment app 
featuring the UnionPay QR code payment function, and a platform for savvy 
merchants to reach more customers by offering special shopping discounts and 
offers to UnionPay cardholders. 

Retailers in Australia and New Zealand are now able to provide easy 'scan&go' 
payments for the safety of their staff and customers. Users of the UnionPay App 
as well as hundreds of UnionPay-powered e-wallet products around the world will 
be able to pay quickly and easily within merchants accepting UnionPay QR codes.

Other features available in the UnionPay app in Australia include a 
location-based service where automated push messaging will make it easier for 
merchants to stand out. Merchants are also searchable based on category, 
location, promotion, or offers.

UnionPay International anticipates the adoption of the system by other 
merchants will increase rapidly as the company works with them to integrate the 
technology into their businesses. They are also keen to hear from retailers 
interested in offering a special discount or incentive to UnionPay 
International cardholders within the UnionPay app.

Dr Jian Jiangtao, an expert in payment solutions and innovative product 
development, who recently joined UnionPay International's South Pacific team to 
lead the company's operations in the area, said the system had become even more 
popular in recent months, with an increase in customers wanting to utilise a 
completely contactless payment, due to the onset of the COVID-19 pandemic.

"While overseas use of the QR code payment method has increased recently, it's 
always been a popular mobile payment method since we introduced it as an option 
integrated within our UnionPay app, which offers fantastic shopping incentives.

"QR codes provide the ultimate contactless payment convenience with the shopper 
only needing to open the app, scan the retailer's dedicated QR code and the 
payment's all done in a second, without the shopper having to touch anything 
other than their phone.

"QR codes can be scanned with the most popular smartphone devices, and the 
payment system is more cost-effective for SME merchants," added Dr Jian.

The international payment network is available to over 300 million registered 
users of the UnionPay app, as well as users of e-wallets with UnionPay QR code 
payment functions.

Media enquiries: 

For media enquiries, please contact Jensen on +61 401 029 368 or 
jensenyang@unionpayintl.com

About UnionPay International

UnionPay International (UPI) is a subsidiary of China UnionPay focused on 
international business. In Australia, UnionPay has partnered with major 
Australian banks such as ANZ, NAB, Westpac, and CBA, as well as 490,000 
merchants, with 90% of ATMs and 85% of POS accepting UnionPay cards, almost 
two-thirds of those also accept UnionPay QuickPass. In New Zealand, UnionPay 
has partnered with more than 72,000 merchants, with 90% of ATMs and 75% of POS 
accepting UnionPay cards. Among the merchants UnionPay has collaborated with, 
about 35,000 POS terminals accept UnionPay QuickPass, more than 1500 E-commerce 
websites accept UnionPay online payment. 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.

Source: UnionPay International