Jan. 21, 2019
UnionPay has extended its network of countries accepting mobile payments from its base of outbound Chinese travelers to 174 countries.
The Shanghai-based fintech, citing a Ctrip.com study, said more than 7 million Chinese tourists are expected to spend the country’s Spring Holiday Festival, or Chinese New Year, overseas, which would be a new record. Regions expected to see more visitors include Latin America, the Balkans, Laos and Myanmar, according to a press release.
Serbia, Montenegro and Jamaica are among the countries that began accepting UnionPay cards during the second half of 2018. Merchants in the U.K., Poland and Georgia have begun to accept mobile payment services from UnionPay.
In Argentina, the UnionPay RedLink ATM network has begun accepting UnionPay, raising the company's ATM coverage there to 60 percent. In Jamaica, the card is accepted at Jamaica Commercial Bank, raising ATM coverage to 70 percent overall, while Cuban ATMs all accept UnionPay and 90 percent in Mexico.
UnionPay services through the mobile app are available in 46 countries globally. The company stated 200,000 merchants accept QR code payments globally. UnionPay said merchants are offering 30 percent discounts in many countries to customers ahead of the festival.
Topics: Mobile Apps, Mobile Payments, Region: Americas, Region: APAC, Region: EMEA
Companies: UnionPay International
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