UnionPay is now offering its debit card cardholders of Bank of China (Hong Kong) and Standard Chartered Bank (Hong Kong) the ability to use Apple Pay.
Eligible users can make purchases with Apple Pay at more than 10 million POS terminals supporting mobile QuickPass across Mainland China, Hong Kong, Taiwan, Singapore, Australia, etc. UnionPay brought Apple Pay to Bank of China (Hong Kong) and Bank of East Asia credit card users previously.
Currently, UnionPay is the only card association that provides Apple Pay for debit card users. UnionPay accounts for 95% of the debit card market share in Hong Kong.
Furthermore, with the advanced QuickPass acceptance environment in Hong Kong, mobile QuickPass service is now available at about 20,000 POS terminals located in merchants like SOGO, 7-11, Mannings, and Tsui Wah Restaurant.
UnionPay’s mobile QuickPass and Apple Pay together will protect customer payment information through industry-leading payment tokenization technology. Security is at the core of Apple Pay, so when you add a credit or debit card, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in a dedicated chip called the Secure Element on your device. Each transaction is also authorized with a one-time unique dynamic security code.
Apple Pay is easy to set up and users will continue to receive all of the rewards and beneﬁts offered by credit and debit cards. In stores, Apple Pay works with iPhone SE, iPhone 6 and later, and Apple Watch. Online shopping in apps is as simple as the touch of a finger with Touch ID, so there is no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information.