UNPay expands QR code payments
Electronic payment technology provider UNPay made a move that banks on QR code technology in Asia. The Singapore-based fintech announced it is supporting the Singapore government’s effort to promote more cashless payments with a slew of efforts to promote the use of QR code payments among retailers, reports Julie Muhn at Finovate.
UNPay is initiating the effort by providing its merchant clients with Chinese QR code payment capabilities and will include Chinese QR code payment providers by the second half of 2019.
To support the influx of Chinese tourists in Singapore, a group which spent $3.08 billion on tourism expenditures last year, UNPay has acquired more merchant clients in the hospitality and food and beverage sectors and will supply them with popular QR code payment methods such as Alipay and WeChat Pay.
As a second step in its QR Code expansion, UNPay will acquire foreign e-wallets to provide even more payment options for tourists around the world.
Zhang Zhenghua, UNPay CEO and founder, says: “Through our active acquisition of merchants, we hope to drive the use of QR code payment in Singapore, keeping in line with the roll-out of SGQR code in September. We are confident that with our expertise and technology, we will be able to bring greater benefits to our merchants via our integrated payment platform, while providing a more seamless and convenient way for consumers to pay.”
The company’s solutions span industries including travel, education, e-commerce, and digital entertainment.