UPI Collaborates with Korea Easy Payment Foundation and BC Card to Enable UnionPay QR Payment at ZeroPay Merchants

UnionPay International

PR98811

 

SEOUL, South Korea, Nov. 15, 2022 /PRNewswire=KYODO JBN/ --

 

UnionPay International (UPI) announced today its partnership with the Korea

Easy Payment Foundation and BC Card to enable the merchants of ZeroPay, a local

mobile payment service provider in South Korea, to accept UnionPay QR codes.

This partnership enables UnionPay cardholders visiting the country to make QR

payments with their UnionPay App at the merchants accepting ZeroPay. In the

future, this new offering will be extended to more e-wallets that support the

enrollment of UnionPay cards.

 

In recent years, UnionPay has become a payment brand recognized by the

industry, well-known to merchants and popular among consumers in South Korea

through its refining acceptance network as well as its growing capabilities to

service local customers. At present, almost all merchants in the country accept

UnionPay cards. The constantly optimizing card usage environment not only

provides a seamless payment experience for visiting UnionPay cardholders, but

also attracts an increasing number of local residents to apply for and use

UnionPay cards. So far, over 50 million cards have been issued in South Korea.

Building on this, UPI has collaborated with organizations such as KB Card,

Shinhan Card, Hana Card, Nonghyup Bank, Danal and Tmoney to enable UnionPay

mobile payment services in local wallets. As a result, consumers only need to

link or apply for UnionPay cards in these local wallets to enjoy easy payments

at merchants across the world that accept UnionPay mobile payments.

 

ZeroPay is a local wallet product operated by the Korea Easy Payment

Foundation, covering a large number of small and medium-sized merchants in

South Korea. Thanks to this tripartite cooperation, the coverage of UnionPay

services in the country will be further improved, allowing these merchants to

provide more convenient contactless payment offerings for inbound consumers and

enhance their capabilities to service international business travelers.

 

At present, UnionPay's acceptance network has extended to 181 countries and

regions, and more than half of them accept UnionPay mobile payment. At the same

time, UnionPay cards have been issued in more than 70 countries and regions

outside the Chinese mainland, 30 of which have launched over 140

UnionPay-powered e-wallet products including the UnionPay App.

 

SOURCE  UnionPay International

 

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