KT Corporation, its subsidiary BCcard and Union Pay International have jointly launched UnionPay HCE mobile QuickPass in South Korea, enabling local UnionPay cardholders via mobile phones, the companies said.
South Korea becomes the first overseas market to have launched mobile QuickPass.
Mobile QuickPass is UnionPay´s new mobile payment solution. It supports both offline contactless payment and online payment. It encompasses many mobile payment products, including HCE, Apple Pay and Sumsang Pay.
Two factors facilitates mobile QuickPass´s debut in South Korea. First, over 19 million UnionPay cards have been issued there. Second, over the first five months of this year, the transaction volume of Korea-issued UnionPay cards in mainland China grew 45 percent year-on-year. The UnionPay card have become an important payment method for Korean residents who visit China.
Now, Korean cardholders can bind their UnionPay cards issued by BCcard or its members with their NFC-enabled mobile phones.