UnionPay News

China launches its nationwide Blockchain-based Service Network for commercial use.

Founded by government-run entities, China’s nationwide blockchain network will launch in April 2020, following a six-month beta testing period.

A new prepaid card allows users to top up using cryptocurrency and instantly make fiat withdrawals and purchases at ATMs, stores and websites.

IBM announced a strategic partnership with China’s UnionPay Bank and a US$200 million investment in its Watson Internet of Things (IoT) headquarters to fund various Blockchain developments.

Australia and New Zealand Banking Group (ANZ), has announced it will implement China's UnionPay contactless payment feature QuickPass to ANZ EFTPOS