PR83756

SHANGHAI, April 22, 2020 /PRNewswire=KYODO JBN/ --

- UnionPay International (UPI) has released an all-in-one digital payment

ecosystem to support partners in their response to COVID-19

UnionPay International (UPI) has launched a new Content & Service Platform

(UCSP), establishing a "Pay+" digital ecosystem in partnership with global

financial institutions and industry service providers.

The platform offers value-added services to enhance user experience for digital

wallets developed or upgraded to UnionPay standards; allowing institutions

outside of mainland China to provide instant payment for utilities, transport,

lifestyle and entertainment.

Since the outbreak of COVID-19, digital payment services have played an

essential role in slowing the spread of the virus by reducing the risk of

person-to-person transmission. To strengthen this, UPI has expedited the launch

of its Content & Service Platform to provide a fast, convenient and secure

cashless payment solution for 62 digital wallets developed or upgraded to

UnionPay standards in 13 countries and territories.

The UPI Content & Service Platform aims to offer a comprehensive range of

technical resources for the evolving mobile payment and lifestyle landscape

outside mainland China. Making available more value-added services, the

platform will serve as an essential tool for digital wallets to maintain their

competitive advantages and industry service providers can enlarge their

distribution channels to increase user traffic. Meanwhile, global users can

access multiple services seamlessly through one single mobile application.

To date, services provided by hundreds of merchants and service providers in

public utilities, taxi-hailing, flight and hotel booking are accessible

globally via the platform. Once linked, these services will be available in up

to two weeks.

With the innovative collaboration model in place, UPI has boosted efficiency

for wallet developers, merchants and industry service providers. UPI selects

partners from industry subdivisions to establish a "service pool", which

digital wallet developers can choose interested merchants to link to the system

through an integrated application programming interface (API), streamlining the

process while significantly reducing technical requirements. In Hong Kong, the

"UnionPay" app is the first mobile app to launch nine online payment services

for public utilities and lifestyle services via UCSP, facilitating the quick

adoption of local social distancing and public health measures in response to

COVID-19.

In the future, UnionPay International will continue to update the platform by

providing more and better value-added services, including big data analysis, to

support the optimization of partner institutions membership systems and

consumer behavior analytics.

In recent years, UnionPay International has accelerated the construction and

update of its technical platforms, strengthening its digital mobile payment

service capabilities for its partners. At present, UnionPay International has

built more than 20 technical platforms and multiple solutions. Through UPI

Developer, an integrated open platform, for instance, institutions and

independent developers can obtain guidance and join UnionPay's cross-border

payment ecosystem with greater efficiency.

About UnionPay International

UnionPay International (UPI) is a subsidiary of China UnionPay focused on the

growth and support of UnionPay's global business. In partnership with more than

2000 institutions worldwide, UnionPay International has enabled card acceptance

in 178 countries and regions with issuance in 61 countries and regions.

UnionPay International provides high quality, cost-effective and secure

cross-border payment services to the world's most extensive cardholder base. It

ensures convenient local services to a growing number of global UnionPay

cardholders and merchants.

For more information, please visit: www.unionpayintl.com/en

SOURCE: UnionPay International