UnionPay continues to expand its presence across Asia. The powerful and popular payment solution is rolling out a mobile app across Macau and Hong Kong. Both regions welcome many Chinese tourists and travelers every single year. Streamlining the payment experience is of the utmost importance in this regard.

Looking beyond China is the top priority for UnionPay International. The company wants to bring this native payment solution to as many countries as possible. Converting between different currencies to settle transactions is a very costly and time-consuming process. A unified payment app seems to make a lot more sense in this regard. UnionPay’s new mobile apps provide exactly that solution.

A Major Expansion for UnionPay

This solution facilitates the interconnection of mobile payments in the Greater Bay Area. Consumers in Hong Kong and Macau can bind their local UnionPay cards to the app. This allows them to enjoy mobile payment services within and outside of their home countries. It is a positive development for the company, as well as Asia’s payment ecosystem.

UnionPay International CEO Cai Jianbo adds:

“UnionPay is making great efforts in promoting technical and product innovation. Based on its acceptance, issuance and innovative business in Hong Kong and Macau, and also relying on its extensive acceptance network in the Greater Bay Area, UnionPay extends its experience in developing and promoting the “UnionPay” app from mainland China to Hong Kong and Macau. In addition to providing local customers with mobile payment services, this new progress mainly meets local needs.”

This mobile app rollout was a matter of time. UnionPay is already accepted at most ATM and POS terminals in both Macau and Hong Kong. Additionally, both countries have a combined 19 million payment cards pertaining to this brand. Local merchants will benefit from a lot more business opportunities. Consumers will enjoy a more streamlined payment experience.

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JP Buntinx is a 30-year old FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he is working to achieve the same level of respect in the FinTech sector.

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