Mashreq, UnionPay bring NFC payments to the UAE

UnionPay UAE

It’s good news for technophiles who want more innovative ways of paying for goods. Mashreq Bank has teamed up with global payment network UnionPay to bring QuickPass to the UAE.

QuickPass is UnionPay’s contactless payment service. It allows consumers to pay for goods and services by tapping their QuickPass cards at cashier terminal that’s enabled with near-field communication (NFC). The card’s tech allows for a secure method to make purchases via credit or debit card without the need to enter a PIN number.

Overall, the idea is that this makes it much quicker to pay for things. So it could spell the end of long queues in the supermarket.

Now, despite being global, UnionPay is a Chinese brand, but the company is looking to expand its technology (which has been deployed heavily across mainland China) to the UAE.

“Our partnership with Mashreq Bank further demonstrates our commitment to expanding our operations in the Middle East. The UAE is a popular destination for Chinese visitors and as such, the demand for UnionPay products and services has increased,” explained Han Wang, general manager at UnionPay International Middle East.

Through the tie-up, Mashreq Bank, meanwhile, issues UnionPay cards in the UAE. The bank said that, from now, all new UnionPay cards issued in the UAE will come with NFC technology, meaning they’ll be able to use QuickPass.

“The roll out of QuickPass in the UAE not only offers an innovative and convenient payment service for Chinese residents, tourists and traders, but will also attract new customers across the region as we look to increase the circulation of UnionPay cards locally. Mashreq QuickPass is a significant milestone for us, and will only serve to accelerate our growth across the Middle East,” said Wang.

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