UnionPay International has added the UPI wallet solution through its open platform UPI Developer.
Through logging on to the platform, both institutions and independent developers can access UPI’s mobile payment solution to build their own digital wallets, or enrich mobile payment functions and use cases for existing digital wallet services.
This will integrate seamlessly with UnionPay cards, providing more opportunities for organisations to develop and streamline mobile payment services for UnionPay’s hundreds of millions of cardholders worldwide.
Launched in January 2019, UPI Developer is designed to provide increased access to UnionPay’s payment and data solutions to accelerate the penetration of its mobile payment technology.
“(We are) constantly updating our technical support programs based on global consumer habits and mobile payment trends to provide a comprehensive suite of digital payment service capabilities,” said Cai Jianbo, CEO of UnionPay International.
“With the launch of UPI Developer, we have fulfilled a growing international demand for access to UnionPay’s payment services across a variety of use cases,” Cai said.
The integration of the wallet solution with UPI Developer will help institutions and UnionPay achieve shared growth through cooperation. Together with the program guide on the developer platform, developers can access multiple APIs to create a digital wallet solution cost-effectively and reduce time to market.
The aim of launching UPI wallet solution is to offer a comprehensive range of resources to cater to the changing technological landscape and to provide better support for merchants and institutions.
UPI’s digital wallet solution offers a one-stop service which includes access to the UnionPay global acceptance network, as well as a variety of UnionPay mobile payment functions, card binding and account management technologies.
Over 17 institutions across 11 regions, including Hong Kong, Macau, South-East Asia and the Middle East, have adopted UnionPay’s global wallet solution to complete or upgrade their mobile wallet products and localise UnionPay’s mobile payment services to meet the needs of cardholders.