UnionPay Continues To Expand Contactless Payments Network In Australia
After
extending its service in June aimed at helping UnionPay cardholders in
Australia stay safe during the Covid-19 outbreak, UnionPay has announced
its contactless payments acceptance rate has increased from 58% to 66%
to now cover 323,000 merchants across the country.
The increase,
which comes at a time when international student flights are poised to
restart in September, means an even smoother payment experience to
UnionPay cardholders in Australia, where 90% of ATMs and 85% of POS
terminals already accept UnionPay cards.
Among the payments
providers accepting QuickPass in Australia is Tyro, which is the fifth
largest payments provider by number of terminals with about 63,000 in
market. Tyro has a large footprint in the retail and dining sectors
right across the country.
Contactless payments have enjoyed a
significant rise in usage amongst Australians. Australia has become the
largest user of contactless payments in the world, and around four in
five Australian consumers use tap and go payments every week. In answer
to this trend, UnionPay has actively encouraged the adoption of
contactless payment by increasing the payment limit from AUD 100 to AUD
200, since the Covid-19 outbreak.