Shinhan Card Partners with UnionPay... Overseas QR Payments Available with Shinhan Pay

Payments Available at 50 Million UnionPay Merchants in China, Southeast Asia, and More

Shinhan Card is expanding its overseas payment services by partnering with Chinese payment company UnionPay. QR payments using Shinhan Pay are expected to become available at UnionPay merchants not only in China but also in many Southeast Asian countries.

On the 27th, Shinhan Card announced the launch of the 'Shinhan Play x UnionPay QR Payment' service in collaboration with UnionPay International (UPI, hereafter UnionPay).

The 'UnionPay QR Payment' service secures approximately 50 million merchants, including 47 million locations in China and 3 million locations in Hong Kong, Macau, Singapore, Japan, Thailand, Turkey, Malaysia, and others. Through this collaboration, Shinhan Card’s simple payment service, Shinhan Pay, will enable QR payments at UnionPay merchants.

To commemorate the launch of the service, Shinhan Card will also hold overseas local QR payment discounts and cashback events.

During the event period, a 20% instant discount per transaction (up to 5 times per card, maximum $20 per transaction) will be provided for overseas transactions made via UnionPay QR. Additionally, cumulative QR overseas usage amounts during the event period will be eligible for tiered cashback (up to 100,000 KRW per member). The event runs until November 30, and detailed information can be found on Shinhan Play’s overseas travel platform, ‘Travel Play.’

This content was produced with the assistance of AI translation services.