Tags Digital Banking Open Banking Payments
China UnionPay has teamed up with more than 30 local commercial banks and payment institutions to launch a unified app for the country’s banking industry. The Mobile QuickPass app is a unified mobile payment portal jointly developed and maintained by China UnionPay and Chinese banks. It allows customers to link their bank cards to the app, manage different bank accounts and use the mobile payment services and benefits offered by each bank.
China UnionPay says that, by integrating payment functions from member banks, it can unify the user experience and save customers from the hassle of having to learn to use apps from different providers. It represents a significant measure in enhancing financial innovation and promoting seamless retail payments for customers.