UnionPay has announced its cooperation with Huawei and the Industrial and Commercial Bank of China Malaysia (ICBC Malaysia) to launch its mobile payment product Huawei Pay in Malaysia for the first time, giving local residents access to the convenient tap-and-go payment services.
Under this cooperation, ICBC Malaysia cardholders can easily link their UnionPay cards to the Huawei Wallet and make tap-and-go payments at more than 20 million POS terminals in 52 countries and regions, among which more than 100,000 are Malaysian merchants in various sectors such as transportation, retail, and F&B.
This collaboration also makes Malaysia the fifth market outside Mainland China where the product is introduced this year, following China’s Macao, Thailand, Pakistan, and Singapore.
UnionPay is also in partnership with two major telecom operators in Malaysia to issue virtual cards on a large scale through the e-wallets of these partners. Cardholders will be able to make local and cross-border purchases using UnionPay QR codes once their card application is successful.
