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The Using Scope of “UnionPay” App Expands Overseas: Cambodia Launches UnionPay QR Code Service

UnionPay International announced today that it has cooperated with Cambodia MekongBank to achieve the first time for local merchants to accept UnionPay QR code payment service.

Release time : 2018-09-17 15:44:32
source : UnionPay International

UnionPay International announced today that it has cooperated with Cambodia MekongBank to achieve the first time for local merchants to accept UnionPay QR code payment service. At the same time, the bank's e-wallet will also support UnionPay QR code payment service within the year to better meet the mobile payment needs of “UnionPay” app users visiting Cambodia and local cardholders. Shi wenchao, President of China UnionPay, and Khov Boun Chhay, President of MekongBank, attended the signing ceremony. Meanwhile, UnionPay International reached an agreement with local payment gateway Bongloy to launch the first UnionPay online payment service in Cambodia.

With the implementation of the “One Belt, One Road” initiative getting deeper, China-Cambodia economic and personnel exchanges have become increasingly close. According to data from the Ministry of Commerce, Cambodia is the country with the largest increase in Chinese investment along the “Belt and Road” in 2017, and China has become the country which has the largest tourist group to Cambodia. Against this background, UnionPay International has accelerated its expansion of its Cambodian business. At present, the coverage of local UnionPay cards has exceeded 90%, and all terminals support UnionPay chip cards. Six local mainstream institutions have issued a number of UnionPay card products to facilitate local residents' daily payments and cross-border travel.

On the basis of the continuous improvement of the local card-based business, UnionPay International cooperated with MekongBank to realize a large number of supermarkets, restaurants, department stores and other merchants in Cambodia to accept UnionPay QR code payment service. The MekongBank’s e-wallet will enable UnionPay QR code payment service. Local residents can add the UnionPay card issued by the bank for local or cross-border QR code payment. Cambodian gateway Bongloy will also support UnionPay online

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