UnionPay IC card is the financial IC card in line with the enterprise standard (EMV standard). As of the end of December 2015, China's financial IC card issued a total of 1 billion 830 million.
China UnionPay has joined the EMVC international organization to participate in the promotion of EMV technology standards in the global security interoperability and availability of payment applications, including the further optimization of the EMV standard and UICS standard compatibility.
In cooperation with China's domestic banks to accelerate the issuance of IC cards, UnionPay international is accelerating the network to promote the work of the chip migration, UnionPay IC card can be used on the world's vast majority of UnionPay accepted terminal.
As of the end of December 2015, outside the Chinese mainland, Hongkong, Macao, South Korea and other markets issued a number of cup chip cards, with a total amount of more than 25 million.
QuickPass is a UnionPay contactless payment innovative product. Cardholder could pay with waiving the QuickPass card in front of contactless payment terminal. Compared with magnetic stripe card or IC card, QuickPass is more convenient and fast, widely used in convenient stores, supermarkets, public transportation, restaurants, M-tickets etc. QuickPass could help cardholders to be free from complicated payment procedures, reduce cashier’s processing time, and improve checkout efficiency.
MPOS is a UnionPay certified innovative acquiring terminal, which is connected with mobile devices via Bluetooth, audio and other interfaces, and performs acquiring payment transactions via mobile device’s wireless communication channels. With its low price and high security, MPOS could effectively meet the needs of small businesses.