UnionPay International (UPI) has partnered with Sri Lankan retailer Cargills Group to launch its UnionPay QR code payment service in the country.
The service will be rolled out from the first half of 2019 across Cargills’ ecosystem that includes supermarkets, restaurants and cinemas.
It will be added to Cargills’ e-wallet through digital issuance of cards.
“The partnership between UPI and Cargills Group will realise the acceptance of UnionPay QR code payment at local retailers and daily consumption merchants, and will provide mobile payment offers for local customers to further enhance their payment experience,” UnionPay said in a statement.
China is said to be the largest trading partner of Sri Lanka. Moreover, China also ranks as the second largest tourist source of Sri Lanka.
Currently, UnionPay is accepted at merchants and ATM terminals in Colombo, Kandy, Galle and Matale, among other regions.
Nearly 2,000 merchants in the country accept UnionPay mobile QuickPass, which was introduced in the country earlier this year.
Outside mainland China, the UnionPay QR code payment service is accepted at over 60,000 merchants in 23 nations while UnionPay’s QuickPass service is accepted at more than 2 million POS terminals in 30 countries.
Apart from the QR code payment service, UnionPay has developed other mobile payment offerings such as NFC mobile payment, and in-app payment.