UnionPay Archives - Page 2 of 2 - Inside Retail Asia

Korea set to woo back Chinese tourists

South Korea’s retail and tourism industries are preparing a slew of promotional and cultural events to woo back Chinese tourists during a long-haul holiday season.

Lawson to accept UnionPay

Japanese retailer Lawson has installed 1000 ATMs in a new network to help Chinese tourists access their cash via UnionPay cards.

UnionPay partners with Lattitude19

Latitude19 Technology says its internet payment gateway is now registered with UnionPay Online Payment.

Walmart China launches app-based store

Walmart China has launched its app-based retail store Walmart To Go in Shenzhen.

TNS paves way for UnionPay global growth

TNS has launched a new global card scheme gateway enabling merchants to quickly connect with UnionPay for authorisation and processing.

UnionPay in giant duty free pact

UnionPay International has launched a privilege program featuring special discounts at 80 duty free shops in 70 airports by partnering with 16 world-renowned duty free groups.

UnionPay, Travelex launch NiHao card

Rev Worldwide, Travelex and UnionPay International launch a prepaid card aimed at Hong Kong tourists travelling to China.

Chic Outlet malls chase Chinese

Chic Outlet Shopping Villages launches Chinese New Year promotions in Europe, China.

Inside China: retailing’s new powerhouse

Shanghai might be inside China – but the modern, affluent, westernised city with its glitzy architecture, expensive cars and countless luxury retailers is not the real China. China is a tale of two economies: the fast, flashy city, and the hinterland where the majority of people remain relatively poor and eke out an existence waiting for their inevitable migration to the cities. Which explains why you can walk around a gleaming new mall packed with expensive brands like Burberry, Louis Vui…

UnionPay flexes international muscle

China’s UnionPay has overtaken major international credit card brands to become the most-used foreign card in South Korea. The ascendancy has been largely driven by a boom in Chinese tourism into Korea, but UnionPay says the achievement is giving the brand an increasing say in the global market. Bomee Sheng, GM of UnionPay International South Korea, said UnionPay cards have occupied approximately 40 per cent of the market share in foreign tourist spending in South Korea, ranking No 1, ac…

Alipay ceases offline payments

Alipay has withdrawn payment services at traditional stores in China. The Alibaba Group subsidiary’s spokeswoman, Teresa Li, confirmed the news but declined to elaborate. Alipay started as an online payment business but expanded its payment services to traditional stores. However, it has been struggling to compete with state-backed China UnionPay, which is boosting its effort to improve services. It has more than 10,000 devices in stores and it is arranging for banks to serve the mercha…