Business Daily Media

Men's Weekly

.

UnionPay Continues To Expand Contactless Payments Network In Australia

  • Written by PR Newswire

SYDNEY, Sept. 3, 2020 /PRNewswire/ -- After extending its service[1] in June aimed at helping UnionPay cardholders in Australia stay safe during the Covid-19 outbreak, UnionPay has announced its contactless payments acceptance rate has increased from 58% to 66% to now cover 323,000 merchants across the country.

The increase, which comes at a time when international student flights are poised to restart in September, means an even smoother payment experience to UnionPay cardholders in Australia, where 90% of ATMs and 85% of POS terminals already accept UnionPay cards.

Among the payments providers accepting QuickPass in Australia is Tyro, which is the fifth largest payments provider by number of terminals with about 63,000 in market. Tyro has a large footprint in the retail and dining sectors right across the country.

Contactless payments have enjoyed a significant rise in usage amongst Australians. Australia has become the largest user of contactless payments in the world, and around four in five Australian consumers use tap and go payments every week.[1] In answer to this trend, UnionPay has actively encouraged the adoption of contactless payment by increasing the payment limit from AUD 100 to AUD 200, since the Covid-19 outbreak.

About UnionPay InternationalUnionPay International (UPI), a subsidiary of China UnionPay, is focused on international business. In Australia, UnionPay has partnered with major Australian banks such as ANZ, NAB, Westpac and CBA, with 90% of ATMs and 85% of POS's accepting UnionPay cards. UnionPay International provides high quality, cost-effective and secure cross-border payment services to the world's largest cardholder base. It ensures convenient, localized services to a growing number of global UnionPay cardholders and merchants.

For more information, please visit www.unionpayintl.com/en[2]

References

  1. ^ extending its service (en.prnasia.com)
  2. ^ www.unionpayintl.com/en (www.unionpayintl.com)

Read more https://www.prnasia.com/story/archive/3114904_AE14904_0

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

THE FINE LINE WITHIN HILARIOUS SIGNAGE DESIGN FAILS

It seems like design failures still occur in today’s modern branding era, despite rigorous rounds of approvals behind the scenes. One signage show...

Deputy Announces Exclusive Global Partnership with Predelo to Bring AI to Shift-Based Businesses

Deputy, the global people platform for shift-based businesses, has announced an exclusive partnership with Predelo, an AI Decision Agent-as-a-Serv...

Leftover Budget? The Last-Minute EOFY Tip to Drive Business Success in FY25/26

The countdown is on. With just days left until EOFY, now’s the time to make your remaining 2024–2025 budget work harder and smarter. After workin...

pay.com.au appoints new CEO and Managing Director

The former COO will lead the company’s next growth phase, with ex-CEO Edward Alder transitioning into the role of Managing Director AUSTRALIA, 25...

Sell by LayBy