The move enables epay to boost its portfolio by adding a consumer-focused and user-friendly mode of payment. Credit: viarami from Pixabay.

Euronet Worldwide’s digital payments unit epay has rolled out UnionPay QR code-based payments service in Europe.

Chinese state-run UnionPay’s international business arm, UnionPay International (UPI) reached an agreement with epay in this regard.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The move allows UnionPay card users across the globe, including Chinese tourists, to use UnionPay’s QR code payments, called UnionPay App, at European outlets.  

According to Euronet, the partnership enables epay to boost its portfolio by adding a consumer-focused and user-friendly mode of payment.

Besides, it helps epay provide European merchants with access to a huge number of customers who use UnionPay.

The firm’s retail partners can also incorporate other QR payments in addition to conventional payment methods and several value-added services like tax-free and currency conversion services, gift cards, prepaid cards and loyalty schemes, as part of the new launch.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

UnionPay has so far issued over 190 million cards outside mainland China as well as enables card acceptance in 181 countries and regions worldwide.

QR payments is being supported by various smartphones, while retailers can integrate the feature with their current payment infrastructure with minimal investments, noted the firms.

It can monitor payments in real time and has improved authentication capabilities.

UnionPay International deputy head of Europe Shengliang Yang said: “UnionPay is committed to building up the cashless society by providing the most advanced payment technology to the cardholders, and the UnionPay App is a perfect illustration of this.

“By establishing QR code payment cooperation with epay, the UnionPay cardholders will get access to a more convenient payment service with an easy tap through UnionPay App.”

Earlier this month, UnionPay announced an alliance with Korea Easy Payment Foundation and BC Card to enable ZeroPay merchants to make transactions through UnionPay QR codes.