Printer Friendly

UnionPay International introduces new wallet solution to open source platform.

M2 EQUITYBITES-June 18, 2019-UnionPay International introduces new wallet solution to open source platform


Payment provider UnionPay International (UPI) has announced it has added the UPI wallet solution, a new mobile payment solution, through its open source platform, UPI Developer, the company said.

UPI wallet solution will be open to partner institutions, merchants and developers through the UPI Developer platform.

The mobile payment services will integrate with UnionPay cards, providing more opportunities for organizations to develop and streamline mobile payment services for UnionPay's hundreds of millions of cardholders worldwide.

UPI unveiled UPI Developer in January 2019 and has launched 17 application programming interface (API) packages accessible via the platform to date. The platform is designed to provide increased access to UnionPay's payment and data solutions to accelerate the penetration of its mobile payment technology.

The aim of launching UPI wallet solution is to offer a comprehensive range of resources to cater to the changing technological landscape and to provide better support for merchants and institutions. UPI's digital wallet solution offers a one-stop service which includes access to the UnionPay global acceptance network, as well as a variety of UnionPay mobile payment functions, card binding and account management technologies.

((Comments on this story may be sent to

COPYRIGHT 2019 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Date:Jun 18, 2019
Previous Article:Praxis, partner to reduce fraud, risk.
Next Article:Fortis Financial, Fortis Private Bank appoint CoBiz CFO to board of directors.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |