UnionPay reports 200m mobile payments users

There are now more than 200 million users of the UnionPay mobile payments app, the China-based payments network reports, and more than 3m merchants outside mainland China now accept UnionPay mobile payments. Overall, more than 28m merchants around the world accept UnionPay and 120m cards have now been issued outside China. “In Asia, UnionPay payment…

China to move to common QR payments standard

“Under the plan, by the end of 2021 all merchants will be able to use one universal barcode to facilitate transactions through different payment service providers, including banks, Alibaba’s Alipay and Tencent’s WeChat Pay. Currently, payment providers issue different barcodes that can be used only on their own services.” Read the rest of China to…