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UnionPay Application is a versatile payment solution that goes beyond just transactions. It can be used for global payment needs.
With over 2 billion cards issued worldwide, UnionPay has become a widely accepted payment method. This is due to its extensive network of over 190 countries and regions.
UnionPay Application allows users to make purchases online, in-store, or at ATMs, making it a convenient option for daily expenses.
Introduction
UnionPay is a Chinese financial services company that offers a wide range of payment solutions.
Founded in 2002, UnionPay has become one of the largest payment networks in the world.
With over 9 million merchants and 2 million ATMs in 180 countries, UnionPay has made it easy for people to make payments and withdraw cash while traveling.
History
The UnionPay app has a history that dates back to December 11, 2017, when it was launched by merging the old UnionPay app and UnionPay Wallet.
The app initially struggled to gain popularity, trailing behind its major competitors.
However, a mandate from the Ministry of Industry and Information Technology (MIIT) in 2021 opened up the "walled garden" ecosystems of major tech companies, allowing for increased interoperability of payment QR codes of Alipay and WeChat Pay.
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Overview
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UnionPay is the largest card network in the world, with over 7.5 billion cards issued globally.
It's the most commonly accepted payment method in mainland China, opening up huge opportunities for merchants to sell to consumers across more than 50 UnionPay card-issuing countries.
The UnionPay mobile app supports QR code payments and is available to residents of China, Hong Kong, and Macau.
This app has a massive user base, with over 240 million registered users and 50 million monthly active users.
UnionPay QR code payments are also supported by 28 additional banking/mobile apps within and outside of China, Hong Kong, and Macau.
With 42% of mainland Chinese consumers shopping cross-border, merchants accepting UnionPay QR code payments can tap into the second-largest economy in the world.
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Secure Payment
Secure Payment with the UnionPay App is a top priority, and for good reason. It combines cardholders' physical card details with mobile device information and other risk ratings to ensure security in application and use.
This multi-layered approach provides an additional layer of protection. By remotely managing potentially risky products, UnionPay App minimizes the risk of unauthorized transactions.
Here's a breakdown of the security features:
- Ensures security in application and use through a combination of cardholders' physical card details and mobile device information, as well as other risk ratings.
- Protects users to the utmost by remotely managing potentially risky products of the UnionPay App based on the nature of mobile internet devices.
- Facilitates fast user compensation for risks and losses in related frauds.
This means you can shop and pay with confidence, knowing that your transactions are secure and protected.
Customer Experience
Using UnionPay for payments is a straightforward process. You can choose UnionPay as your payment method, then click the "Pay" button.
The next step is to redirect to the UnionPay page, where you'll need to enter your card details and confirm the payment. This is a necessary step to complete the transaction.
The steps to complete a payment with UnionPay are as follows:
Note that the customer experience may differ in a test environment.
Payment and Travel
With UnionPay, you can enjoy discounts on cross-border buses, airlines, hotels, global car rental companies, and tourist attractions when you travel abroad.
The UnionPay App has launched overseas service pages for 24 countries or regions, including Hong Kong, Macao, Taiwan, Japan, and South Korea.
You can use the UnionPay App to make QR payments and in-app purchases online or in-store, which can really come in handy when you're traveling.
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Travel
Traveling abroad just got a whole lot easier. UnionPay mobile payment service is enabled for use cases such as cross-border buses, airlines, hotels, global car rental companies, and tourist attractions, allowing outbound travelers to enjoy discounts.
You can use UnionPay for everyday purchases in the U.S. or your travels in Asia, making it a fast and easy payment option.
Core Use Cases for HK/Macao
In Hong Kong and Macao, you can use UnionPay QR payment service at over 50,000 merchants, including small-value high-frequency use cases like public transport and F&B.
Long Win Bus, Hong Kong taxis, Macao Light Rapid Transit, and 7-Eleven are just a few of the well-known merchants that support UnionPay QR payments.
UnionPay mobile payment has become a convenient option for cross-border transport, facilitating the movement of people as the Greater Bay Area develops.
You can use UnionPay QR codes for payments on the Hong Kong-Zhuhai-Macao Bridge and its shuttle buses, as well as on taxis in Shenzhen, buses in Guangzhou, and other public transport services in the Chinese mainland.
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Benefits and Features
The East West Bank UnionPay Prepaid Card offers nearly 100% acceptance in China, making it a convenient option for travelers.
You can receive discounts and special offers arranged by UnionPay at well-known merchants worldwide when you use the UnionPay card. This can be a great way to save money on your travels.
The EWBridgePay mobile app allows you to view your balance, load funds, and manage your profile on the go. This app is a handy tool for staying on top of your finances while traveling.
You can also use your prepaid card to withdraw cash from any ATM in China, providing you with easy access to local currency.
Here are some key benefits of the East West Bank UnionPay Prepaid Card:
- Nearly 100% acceptance in China
- Receive discounts and special offers at well-known merchants worldwide
- View your balance, load funds, and manage your profile with the EWBridgePay mobile app
- Withdraw cash from any ATM in China
- Use your prepaid card in the U.S. where Discover and NYCE are accepted
Activate and Manage Card
To activate and manage your card, you can use the EWBridgePay mobile app, which is available for download from the Apple App Store and Google Play Store.
The app is a convenient way to manage your card balance, review your transactions, and even activate a new card if needed.
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For a step-by-step guide on using EWBridgePay, you can click on this link to open a pdf file that provides a tutorial on how to use the app.
The EWBridgePay app is a great tool to have at your fingertips, making it easy to stay on top of your card's activity.
Core Benefits of East West Bank Prepaid Card
The East West Bank Prepaid Card offers several core benefits that make it a valuable financial tool. One of the key advantages is the nearly 100% acceptance in China, making it a convenient option for travelers.
You can also enjoy discounts and special offers at well-known merchants worldwide when you use the UnionPay card. This can be a significant perk for frequent travelers or shoppers.
To manage your card, you can use the EWBridgePay mobile app, which allows you to view your balance, load funds, and manage your profile. This app is a convenient way to keep track of your card's activity.
Another useful feature is the ability to withdraw cash from any ATM in China. This can be a lifesaver when you're traveling and need access to cash.
The card is also accepted in the U.S. where Discover and NYCE are accepted, providing additional flexibility for use.
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Payment Methods
To pay with UnionPay, simply let the cashier know you'd like to use the UnionPay QR Code.
You can activate the scan function by selecting "Scan" from the home screen of the UnionPay App.
To make a payment, scan the merchant's QR Code and enter your Payment PIN.
For high-value transactions, a one-time-Password will be requested for merchant-presented mode transactions over RMB1,000 or HKD equivalent.
Alternatively, you can select "Payment Code" to generate a UnionPay QR Code on your app.
This QR Code can then be scanned by the merchant to complete the payment.
For consumer-presented mode transactions over RMB300 or HKD equivalent, your Payment PIN will be requested by default.
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Frequently Asked Questions
What countries is UnionPay available in?
UnionPay is available in many countries, including popular destinations like Hong Kong, Japan, and the USA, as well as in Europe and Australia. You can find UnionPay ATMs in over 150 countries and regions worldwide.
Sources
- https://en.wikipedia.org/wiki/UnionPay_(application)
- https://developer.nexigroup.com/payengine/en-EU/docs/unionpay/
- https://m.unionpayintl.com/en/servicesProducts/MobilePayment/UnionPayAPP/
- https://www.eastwestbank.com/en/personal-banking/unionpay-prepaid-card
- https://www.hsbc.com.mo/credit-cards/union-pay/
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