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