Executives from China's UnionPay and Korean payment firm Danal ink the deal for a prepaid card that accepts cryptocurrency. Photo: Handout
Executives from China's UnionPay and Korean payment firm Danal ink the deal for a prepaid card that accepts cryptocurrency. Photo: Handout

China’s UnionPay partners with Korean payment firm for new virtual card

  • The prepaid mobile card will be accepted at more than 30 million UnionPay merchants across 179 countries and regions, including China
  • A UnionPay representative said the partnership “doesn‘t involve any digital currency transactions”

Topic |   Mobile payments
Executives from China's UnionPay and Korean payment firm Danal ink the deal for a prepaid card that accepts cryptocurrency. Photo: Handout
Executives from China's UnionPay and Korean payment firm Danal ink the deal for a prepaid card that accepts cryptocurrency. Photo: Handout

Corrected [9:15pm, 4 Nov, 2020]

  • [9:15pm, 4 Nov, 2020]

    This story was updated to clarify that the deal will not involve Paycoin, Danal's cryptocurrency

  • We are part of the Trust Project What is it?
READ FULL ARTICLE