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UnionPay: Debuts contactless e-wallet in Tajikistan

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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

UnionPay: Debuts contactless e-wallet in Tajikistan

  • UnionPay announced that it has partnered with the International Bank of Tajikistan to launch the country’s first contactless e-wallet
  • As a result, the number of e-wallets outside the Chinese mainland that support cards reaches 100
  • Meanwhile, the number of merchants accepting mobile payments has exceeded 10 million
  • The two milestones mark the forming of an interconnected cross-border mobile payment ecosystem
  • The growth of the global mobile payment industry has accelerated in recent years, with the transaction scale
  • Launched the new mobile QuickPass this year, with some products integrating contactless, QR code, and in-app payments
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