SHANGHAI, China, June 28, 2016 (Bernama-AsiaNet) -- On June 27, UnionPay International and KT Corporation together with its subsidiary BCcard jointly announced to launch UnionPay HCE mobile QuickPass in South Korea, which will enable the local UnionPay cardholders to pay by tapping their mobile phones. South Korea becomes the first overseas market to have launched mobile QuickPass. Ge Huayong, Chairman of China UnionPay, Hwang Chang-Gyu, CEO of KT Corporation, and Suh Joon-Hee, CEO of BCcard attended the launching ceremony.
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. It is safer than other mobile payment products, for it provides multiple security assurance including dynamic password and payment token. The real bankcard number is not shown during payment, and the transaction information is well-kept within the issuer and UnionPay's network.
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. It is safer than other mobile payment products, for it provides multiple security assurance including dynamic password and payment token. The real bankcard number is not shown during payment, and the transaction information is well-kept within the issuer and UnionPay's network.
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