UnionPay is looking overseas for expansion as it faces stiffening competition in China. Photo: Nora Tam
UnionPay is looking overseas for expansion as it faces stiffening competition in China. Photo: Nora Tam

China’s UnionPay plans global expansion of QR code e-payments in battle with Alipay and Tenpay

The company has signed an agreement with US-based ACI and is looking for more overseas partners as it feels the pressure of domestic competition

UnionPay is looking overseas for expansion as it faces stiffening competition in China. Photo: Nora Tam
UnionPay is looking overseas for expansion as it faces stiffening competition in China. Photo: Nora Tam
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