“UnionPay Unbounded Card” is the first digital bank card officially released by China UnionPay, which is divided into two categories: debit card and credit card.
On August 31, China UnionPay teamed up with commercial banks, mobile phone manufacturers, key cooperative merchants and payment institutions to release the digital bank card "UnionPay Unbounded Card", realizing the entire process of digitizing card application and collection, and providing convenience for cardholders. Cardholders provide a new generation of payment experience.
Relying on platforms such as Cloud QuickPass APP, "UnionPay Unbounded Card" provides cardholders with comprehensive and convenient digital financial services. It has four outstanding features: First, it gives traditional bank cards a digital form; Through digital services, we can meet users' diversified payment needs for consumption, cash deposits and withdrawals, transfers, mobile QuickPass, and barcode payments; secondly, card issuance and use are efficient and convenient, supporting domestic and foreign users through Cloud QuickPass APP, commercial bank APP, and mobile wallets. Quickly apply for, bind and use cards through multiple channels, optimizing the user's card experience and fully demonstrating digital advantages. At the same time, the card code is integrated, and the QR code of the Unbounded Quick Pass Card and Unbounded Card can be retrieved at any time with one click on the mobile phone. Choose mobile QuickPass or QR code payment; the third is to ensure payment security. Through payment tokenization, channel encryption, real-time risk control and other technologies, the bank card number, validity period and other information are fully protected to ensure the security of user funds and information; the fourth is Facilitating cross-industry cooperation and scenario interconnection, with the help of the Token2.0 digital payment system, users can choose to push digital bank cards to e-commerce, public transportation, mobile wallets and other payment scenarios, with rich exclusive rights and interests, building an interconnected digital payment ecology.
As a comprehensive entrance and basic support for financial services, payment is a pioneer industry for innovation, transformation and upgrading in the digital era. China UnionPay and Commercial Bank of China jointly launched the "UnionPay Unbounded Card", which realized the digitization of card issuance mode, management mode, security application and other aspects. It was an important step for the bank card industry to move towards a new stage of digitalization. "UnionPay Unbounded Card" will form effective linkages with related products of all parties in the industry, create a new model of cooperation in the bank card industry, and better empower the development of all parties in the industry. In addition, the "UnionPay Unbounded Card" also conforms to the migration trend of public consumption habits in the digital era from offline to online, from near-field to remote, and from tangible to intangible, and is equipped with rich rights content and service scenarios.
In order to comply with the trend of social economy moving into the digital era, China UnionPay and commercial banks have joined forces with all parties in the industry to launch innovative payment methods such as barcode payment, mobile Quick Pass, and facial recognition payment to provide the public with safe and high-quality services. payment services and accelerate the digital transformation of payments. This time, China UnionPay combined market demand and developed the first digital bank card with the support of all parties in the industry. It is a new attempt to promote the digital upgrade of payment services. It will also help promote the unified banking industry with Cloud QuickPass APP as the core. The coordinated development of various standard mobile payment products and their widespread application in important convenience scenarios.
Apply for a card, use the card, and manage transactions through the Union QuickPass APP and other one-stop services.
For users, the "UnionPay Unbounded Card" will bring a new and convenient payment experience while innovating in security. When applying for a card, users can use UnionPay APP, commercial bank APP or mobile phone manufacturer to apply for the card. It can be operated online on multiple platforms such as wallets, and you can quickly apply successfully in just a few steps. After successful application, consumption, payment and other financial functions are fully supported, and the card can be linked to merchant apps such as JD.com with one click to meet consumption needs in various scenarios. Users can view and manage UnionPay Unbounded card transactions in real time in the Cloud QuickPass APP.
The "UnionPay Unbounded Card" will be issued simultaneously at home and abroad, and 17 national commercial banks, some regional banks and Internet banks will join the first batch of pilot projects. From now on, cardholders can apply for it through the UnionPay Unbounded Card Zone of the UnionPay QuickPass APP and the commercial bank APP.
In addition, "UnionPay Unbounded Card" also provides users with a wealth of exclusive card benefits covering the world. Cardholders can recharge and repay through the Union QuickPass APP and enjoy instant discounts every month; there are more than 6 transactions per quarter, and there are popular memberships such as JD.com PLUS membership, Tencent Video VIP membership, Zhihu Yanxuan membership, Keep membership, etc. Membership benefits season card redemption. At the same time, cardholders can enjoy UnionPay consumption privileges covering domestic and overseas business districts.