Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook Follow The Paypers on Google +
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
Mobile Payments

UnionPay to launch mobile payment service in Switzerland

Friday 25 January 2019 | 12:54 PM CET

UnionPay International has announced that it plans to launch its mobile payment service, QuickPass, in Switzerland.

Currently, all ATMs and over 90% of merchants accept UnionPay cards in Switzerland. QuickPass, UnionPay’s contactless payment solution, is accepted at over 12 million POS terminals worldwide with 2 million of those outside China across 35 countries.

According to the press release, Switzerland Travel Centre has stated that it expects Chinese visitors to the country to double in the next two to three years. This reflects the overall trend of increasing international tourism by the Chinese.

While the majority of transactions made by Chinese visitors to Switzerland relate to watches and jewellery, UnionPay is seeing an increasing proportion come from department stores, supermarkets, transportation, and petrol stations. 

In Europe, UnionPay is accepted at over 3.3 million merchants in 40 countries and regions, covering more than 60% of all the bankcard-accepting merchants. Its global network has extended to 174 countries and regions, which covers 52 million merchants and 2.6 million ATMs worldwide.

 advertisement
 advertisement
 advertisement
 advertisement