COLOMBO, Sri Lanka,
Nov. 18, 2018 /PRNewswire/ --
Sri Lanka has become a new market
where UnionPay is rolling out its mobile payment service. After the
launch of UnionPay QuickPass service in the country this August,
UnionPay QR code payment service will be accepted soon. Today,
UnionPay International (UPI) announced its collaboration with
Cargills Group, the largest Retail & FMCG group in Sri
Lanka: the two parties have agreed to roll
out UnionPay QR code payment service across the country
commencing in the first half of next year, through the Cargills
ecosystem, including supermarkets, restaurants and cinemas, and
equip Cargills' e-wallet with UnionPay QR code payment function
through the digital issuance of UnionPay cards, bringing UnionPay
QR code payment service to local customers.
In line with global changes in consumers' payment habits,
UnionPay has developed a portfolio of mobile payment products
including the "UnionPay" mobile application, QR code payment
service, NFC mobile payment, and In-app payment. UPI is
accelerating the roll out of these mobile payment services outside
mainland China, expanding the
acceptance of these services to 42 countries and regions—driving up
the volume of cross-border transactions made through the "UnionPay"
app grew by 150%. To date, UnionPay mobile QuickPass service is
accepted at 2 million POS terminals across over 30 countries and
regions outside mainland China,
and UnionPay QR code payment is accepted at about 60,000 merchants
in 23 countries and regions outside the Chinese Mainland.
Cai Jianbo said that this cooperation is significant in that UPI
is rolling out its mobile payment products through cross-over
cooperation with large retail groups. In order to promote the
mobile transformation of UnionPay's business, UPI continues to
enrich the acceptance scenarios of its mobile payment products, and
have expanded the acceptance scope of the "UnionPay" app to
transportation, hospitals, schools, cultural and entertainment
establishments as well as restaurants. In addition, UnionPay is
accelerating the process of business localization by launching
innovative products overseas. Carrying out digital card issuance
collaboration based on e-wallet products with overseas
institutions, UnionPay is providing its safe and sufficient local
and cross-border mobile payment service for more customers outside
China. In this way, UnionPay
continues to enhance its service capability outside mainland
China while supporting payment
upgrade of overseas markets.
China is the largest trading
partner and the second largest tourist source of Sri Lanka. To date, UnionPay is accepted at
the majority of merchants and ATM terminals in tourist-oriented
cities like Colombo, Kandy, Galle
and Matale, and about 2,000 merchants such as restaurants,
department stores, supermarkets support UnionPay mobile QuickPass
too. The partnership between UPI and Cargills Group will realize
the acceptance of UnionPay QR code payment at local retailers and
daily consumption merchants, and will provide mobile payment offers
for local customers to further enhance their payment
experience.
View original
content:http://www.prnewswire.com/news-releases/unionpay-rolls-out-mobile-payment-services-in-south-asia-300752603.html
SOURCE UnionPay International