When customers download Union Pay-branded mobile credit cards, the customers can make payments via near field communication (NFC) in China and Korea, starting from July 2015.
Union Pay has set up the NFC payment terminal at more than 5 million stores in China. The cooperation with Union Pay is essential for entering the payment industry in China.
LG Uplus said it will set up the NFC terminals at shops frequented by Chinese tourists within this year.
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