UnionPay and Samsung Launch Dual NFC and QR Payment Service

UnionPay International (UPI) and Samsung Electronics have launched a joint mobile payment service based on an “NFC–QR code all-in-one” solution, following an announcement in Shanghai.

Under the collaboration, UnionPay cardholders can add their cards to Samsung Wallet and choose either NFC contactless payment or QR code payment when making transactions.

Hong Kong will be the first market to introduce the service, with BOC Credit Card acting as the initial issuing partner.

Samsung Wallet is currently available in 62 countries and regions.

The partnership is expected to broaden the international availability of UnionPay’s mobile payment services among Android users and support the rollout of digital card issuance in local markets.

In Hong Kong, UnionPay International and Samsung Electronics will also introduce limited promotional offers for UnionPay cardholders using Samsung Galaxy devices.

Larry Wang, Chief Executive Officer of UnionPay International, said the collaboration reflects a practical effort to combine the strengths of the three parties to support cross-border mobile payments.

Woncheol Chai, Executive Vice President and Head of the Digital Wallet Team at Samsung Electronics’ Mobile eXperience (MX) Business, said the partnership represents more than a technical integration.

he said, adding that the combination of Samsung’s global scale and UnionPay’s issuer and merchant partnerships could support wider adoption of mobile payments across Greater China and other markets.

He said Samsung will introduce QR code payments alongside NFC contactless payments to extend Samsung Wallet’s payment coverage.

The NFC–QR code all-in-one solution allows a single application to support multiple payment methods.

It enables overseas partner institutions to deploy UnionPay’s NFC-based mobile QuickPass and QR code payment services at the same time, addressing differing user preferences across markets.

Featured image credit: Edited by Fintech News Hong Kong, based on image by mkmult via Freepik

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