UnionPay has launched QuickPass in Beijing with more than 20 commercial banks. Consumers can pay not only with UnionPay cards but also via its mobile solution QuickPass.
QuickPass offers a new mobile phone service solution supporting contactless payment technologies centered on NFC, HCE, TSM and Token technologies. The QuickPass product released this time is based on the state-of-the-art HCE (or Host Card Emulation) and Token technologies, hosting the best combination of security and convenience, which represents one of the main trends of mobile payment.
It only takes a smart phone with NFC functions (coupled with Android 4.4.2 operating system or above) to create a bankcard substitute–the QuickPass card. The smart phone can then be used for making tap-and-go payments at any POS terminals with a QuickPass sinage or for secure online payment via UnionPay Online Payment (or UPOP) with no SMS verification required.
Prior to QuickPass, UnionPay has successively launched a series of mobile payment products and services such as SWP-SIM, eSE embedded solution and wearable payment devices in cooperation with telecommunication operators, mobile manufacturers and wearable device manufacturers. The launch of QuickPass marks the joint efforts made by UnionPay and Chinese financial institutions to innovate and offer mobile payment services that are safe, convenient, widely applicable, and beneficial to public welfare.
QuickPass mobile payment is already available at over ten thousand locations of 25 franchise chains in mainland China, including Carrefour, McDonald’s, Watsons, FamilyMart, and COSTA with exclusive offers for QuickPass users. More merchants are expected to come onboard soon.
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