UnionPay and Network International roll out QR code-based Smart Payment Solutions for Post-COVID Era
UnionPay International (UPI) in cooperation with Network International is accelerating the rollout of its QR code scanning-based payment solution to support local merchants in UAE as the country prepares for continued economic recovery.
QR code payments have been a preferred and favoured payment option for consumers and merchants from many countries including China, Singapore, Korea, among other countries and regions, covering multiple industries such as retail, transportation, and F&B.
With UPI's extensive global network, international visitors can enjoy a seamless and convenient payment experience as UnionPay QR code payments are supported by not only the UnionPay App but also an additional 80+ digital wallets across the globe.
According to a statement from the company, over 10,000 merchants across the UAE have already benefited from UnionPay's innovative QR code payment solution which aims to bring further convenience to UnionPay cardholders in addition to the various secure, efficient and fast payment services provided by the company. The rollout of the payment solution also aims to support Dubai's full digital transition as well as the 'UAE Centennial 2071' goal.
James Yang, General Manager of UnionPay International Middle East said, "UnionPay is committed to offering a safer, smoother, and more convenient digital payment experience while prioritizing payment security for every transaction for merchants and consumers."
Ahmed Bin Tarraf, Regional President – UAE, Network International added, "We will continue to work closely with UnionPay to support increased acceptance of QR code-based payments among merchants in the UAE. Acceptance of digital payments plays an instrumental role in strengthening merchants' value proposition to their consumers and we are delighted to take the lead in supporting UAE merchants as they prepare for continued recovery post-COVID."