China s UnionPay is bringing its mobile payment system to North America, starting with a launch today in Canada.
The UnionPay International subsidiary of China s interbank network in China, which creates a unified debit and credit card payment network for the country s banks.
UnionPay is actually the third-largest payment network in the world, behind Visa and MasterCard, owing to its reach, and is also increasingly accepted broadly beyond China.
The launch today brings UnionPay s QuickPass mobile payments system to a number of daily-spending merchants in Canada, which is the first North American availability of the system.
People can pay either with their QuickPass EMV chip cards, or with smartphone that are QuickPass-enabled.
Payment limits cap out at $100 CAD without signature or PIN with both credit and debit cards.