• June 01 06:12
    China UnionPay Rolls Out QR Payment App

    China UnionPay and more than 40 commercial banks launched the UnionPay Cloud Quick Pass QR payment system, in a bid to rival third-party payment services Alipay and WeChat.

    Users will be able to log onto apps of any participating bank and make payments via a QR codes and other payments such person-to-person transfers, the official ECNS reported Thursday.

    Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and China Merchants Bank are among the first banks to join the service.

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