UnionPay has launched UnionPay PaybyLink, a link-based payment service, to provide merchants with a minimalist digital sales solution.
PaybyLink enables merchants to sell their products in just a few minutes by offering online payment service to UnionPay cardholders via means such as SMS and e-mail, without the need to open online stores on e-commerce platforms.
After accepting orders and agreeing on the delivery method with customers, the small and micro merchants can enter order details on the supporting platform to swiftly generate a payment link which can be shared with customers in different ways. The customers can call up the UnionPay App to pay by clicking on the link. Alternatively, they can pay on mobile phones, PCs or other terminals by entering UnionPay card details and one-time passwords.
They can also track payment status at the back-end anytime and optimize their order management. The UnionPay cardholders are given more online shopping options and a secure and seamless payment experience. The acquirers can quickly expand merchant base and optimize their business strategies.
