China’s UnionPay expands contactless payments presence in Australia
QuickPass payments now available at around 270,000 Aussie retailers.
More than a quarter of a million point of sale (POS) terminals in Australian retail outlets now support UnionPay International's QuickPass contactless mobile payments system, the biggest take-up outside of China.
UnionPay International, who provide secure cross-border payment services for Chinese cardholders, continue to increase its presence in Australia, revealing half of the brick-and-motor stores that accept UnionPay now support payments via QuickPass.
QuickPass-enabled chip cards and smartphones were first introduced in Australia in June of last year.
Around 270,000 POS terminals in Australia are currently able to process these payments.
UnionPay's expanding presence in Australia underpins the growth of Chinese visitors down under. In 2015 Chinese visitation to Australia rose 21% year-on-year to more than one million travellers, helping China become the largest source market for total spend and visitor nights.
Tourism Research Australia anticipates China will surpass New Zealand as Australia's largest inbound tourism market next year.
UnionPay's QuickPass facilities are available in a range of Australian department stores, restaurants, hotels and tourist attractions. Customer feedback suggests the process has been convenient and easy to use for 65% of customers at POS terminals and 90% of ATM users.
All four major banks in Australia accept UnionPay transactions.
Customers paying via mobile QuickPass with UnionPay credit cards don't need to enter a PIN or provide a signature for payments under $AU100.
Chinese UnionPay customers can also claim a tax refund at customs outlets upon departure by filling out an application form online if they've spent more than AUD$300 in Australia.
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