South Korean Operator, KT together with its subsidiary BC Card will be launching a new NFC-based mobile payments service in colaboration with China's top credit card and financial payment company, UnionPay.
Unionpay's mobile QuickPass will enable local UnionPay cardholders to pay by tapping their mobile phones, making South Korea the first overseas market to have launched the service. The service supports both offline contactless payment via mobile phones and other mobile devices as well as remote online payment. It encompasses a variety of mobile payment products, including HCE, Apple Pay and Samsung Pay.
Korean cardholders can bind their UnionPay cards issued by BCcard or its member issuers with their NFC-enabled mobile phones (with operating system above Android 4.4.2) via BCcard official website or app, and will get their virtual cards, ie. mobile QuickPass cards. These cardholders can then pay by tapping their mobile phones at the QuickPass terminals at Doota as well as at Watsons and GS25 and Gong Cha stores in South Korea. They can also pay with their mobile phones at over 7 million QuickPass terminals across the Chinese Mainland, Hong Kong, Macau, Taiwan, Singapore, and New Zealand.