UnionPay, a provider of bank card services in China, has collaborated with Chinese commercial property developer Wanda Group to expand its QuickPass to Wanda partner merchants.
UnionPay and Wanda Group will jointly develop a UnionPay cardholder service system and make various applications, such as UnionPay QuickPass and other ‘Physical + Internet’ payment applications.
The new services will be available at Wanda’s properties, including commercial centres, department stores, supermarkets, theatres, hotels, theme parks and hospitals.
Wanda Group said that the applications aim to offer consumers with all-new experiences, including precise notification of promotional information, mutual recognition of points and financial support for various scenarios.
Under the terms of the contract, Wanda Group and partner merchants will gradually fully accept UnionPay QuickPass.
Additionally, both parties will collectively expand customer service channels, organise joint marketing campaigns, and discover the provision of value-added services for consumers in international markets.
As part of the strategic cooperation, Shanghai Lianyin Investment, a subsidiary of UnionPay, will purchase stake in Wanda Internet Technology Group.