This is the first time UnionPay International launches the service in a foreign market. Quickpass is a UnionPay contactless payment product which is compatible with the EMV standard. Cardholders can pay by waiving their card in front of a contactless payment terminal. Currently, UnionPay Quickpass service has been supported by over 3.6 million terminals in the Chinese mainland, Hong Kong and Macau.
The Quickpass service has been launched by UnionPay International in cooperation with BC Card to enable UnionPay cardholders to pay by waving their card. In China, the Quickpass service is given a load amount capped at CNY 1,000 and an upper limit of purchase amount. In consideration of the frequent occurrence of cross-border spending and the inconvenience reloading, UnionPay Quickpass service in South Korea will not be given upper limits for the amount of balances and payments. Besides, based on chip technology, consumers can verify their transaction through signature or PIN to ensure security.
GS25 is a chain convenient store in South Korea, which sells pickled vegetables, instant noodles, snacks, beverages, daily necessities and other items of Korean characteristics.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.