UnionPay IC card is the financial IC card in line with the enterprise standard (EMV® standard). As of the end of December 2015, China's financial IC card issued a total of 1 billion 830 million.
China UnionPay has joined the EMVCo international organization to participate in the promotion of EMV® technology standards in the global security interoperability and availability of payment applications, including the further optimization of the EMV® standard and UICS standard compatibility.
In cooperation with China's domestic banks to accelerate the issuance of IC cards, UnionPay international is accelerating the network to promote the work of the chip migration, UnionPay IC card can be used on the world's vast majority of UnionPay accepted terminal.
As of the end of December 2015, outside the Chinese mainland, Hongkong, Macao, South Korea and other markets issued a number of cup chip cards, with a total amount of more than 25 million.
Note：EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV Trademark is owned by EMVCo, LLC.
QuickPass is a UnionPay contactless payment innovative product. Cardholder could pay with waiving the QuickPass card in front of contactless payment terminal. Compared with magnetic stripe card or IC card, QuickPass is more convenient and fast, widely used in convenient stores, supermarkets, public transportation, restaurants, M-tickets etc. QuickPass could help cardholders to be free from complicated payment procedures, reduce cashier’s processing time, and improve checkout efficiency.