Card payment network UnionPay has partnered with full-service payment provider epay to launch UnionPay’s QR code payment service in Europe.
This partnership represents the first time UnionPay’s QR code payments service, UnionPay App, can be used in Europe for Chinese tourists and other UnionPay card users from all over the world.
The UnionPay App is supported by over 13 million merchants in 96 countries and regions outside China.
Speaking on the partnership, epay executive VP and CEO Kevin Caponecchi said, Division “We are delighted to announce this partnership because UnionPay App is a prime example of how a leading global card provider is adapting to new customer needs.
“With its QR code payment solution, UnionPay offers a well-integrated, seamless mobile payment experience for customers. Through integration into the epay merchant network with over 777,000 point-of-sale terminals, UnionPay can offer its users an attractive range of brands and retailers across Europe.”
Shengliang Yang – deputy head of UnionPay international Europe branch – added, “UnionPay is committed to building up the cashless society by providing the most advanced payment technology to the cardholders, and the UnionPay App is a perfect illustration of this.
“By establishing QR code payment cooperation with epay, the UnionPay cardholders will get access to a more convenient payment service with an easy tap through UnionPay App.”
The QR code market is expected to skyrocket in the coming years. A recent report from Juniper Research claims that global spend using QR code payments is expected to exceed $3trn by 2025, rising from $2.4trn in 2022.
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