UnionPay launched its digital bank card
UnionPay unveiled its digital debit and credit cards. Source: shutterstock.com
UnionPay launched its digital bank card together with commercial banks, major mobile phone manufacturers, and key merchants and payment institutions. The process of card application and collection is completely digitalized.
The digital debit and credit card launched this time within and outside Mainland China feature four characteristics. Firstly, they digitalize traditional bank cards.?Secondly, card application and payments are made swift and easy. Users around the world can apply for cards, link them, and use them through various platforms. They can pay with mobile QuickPass or QR code by tapping on the screen to access the contactless card or the QR code. Thirdly, payments through digital bankcards are secured.?Fourthly, digital bank cards help connect different industries and use cases. With the Token 2.0 digital payment framework, users can push their digital cards to e-commerce retailers, public transit providers, or e-wallets as they wish.
Card application can be completed online within a few steps on several platforms such as the UnionPay App, bank apps or e-wallets developed by mobile phone manufacturers.
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