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China UnionPay Launches Mobile Payment Solution with Over 20 Banks

China UnionPay (CUP), the world’s largest bank cards issuer, enters the mobile payment space by launching QuickPass in Beijing in cooperation with over 20 commercial banks. QuickPass is powered by contactless payment technologies centered on NFC, HCE, TSM and Token technologies, representing the best combination of security and convenience. QuickPass mobile payment is already available across more than 10,000 locations of 25 franchise chains including Carrefour, McDonald's, Watsons, FamilyMart, and COSTA. More merchants a ...

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