What does UnionPay payment code mean?

The UnionPay payment code refers to the China UnionPay Cloud QuickPass payment QR code, which is a merchant payment code. There is no daily limit for UnionPay payment codes, the rates are low, and it can be processed with or without a business license. It supports multiple payment methods such as Alipay, WeChat, credit card, and Huabei. Regarding the fee rate, only the other party needs to charge a handling fee if the payment is made by credit card, while a debit card does not charge a handling fee. Generally, when a credit card is used to collect payment, the handling fee is charged at 0.38% of the transaction amount.

Steps to apply for a UnionPay payment code:

1. On the homepage of the UnionPay APP, click on the payment code.

2. Enter the payment code interface and click on personal payment.

3. Enter the activation interface and click Activate Now.

4. Enter the information and click Submit Application.

5. Enter the verification interface and click Start Verification.

6. Follow the prompts to complete face recognition.

7. In this way, the payment code is successfully activated.

UnionPay refers to China UnionPay Co., Ltd., a joint bank card organization in China, initiated and established by more than 80 domestic financial institutions. It was established in March 2002 and is headquartered in Shanghai. Major banks in the UnionPay organization can realize interconnection between systems through the UnionPay inter-bank transaction clearing system, so that bank cards can be used across banks, regions and borders. In addition to covering urban and rural areas in China, UnionPay's network has extended to overseas regions such as Asia, Europe, and the Americas. The supervisory unit of UnionPay is the People's Bank of China, and the nature of the enterprise is a state-owned enterprise.

Union QuickPass is a banking industry unified mobile payment strategic product launched by the Bank of China. It is an APP application and a non-cash mobile transaction settlement tool. The main functions of Cloud QuickPass include querying and using UnionPay bank preferential rights; applying for a bank card online, binding UnionPay cards, and enjoying account services; and providing convenient life services such as credit card repayment and company payment. Users can bind and manage various bank accounts through the Cloud QuickPass APP, and use mobile payment services of various banks, including QR code payment, cardless payment, transfer, mobile QuickPass, ride code and other mobile payment services , enjoy various preferential rights.

Version information: Take Cloud QuickPass version 9.1.3, Apple 13 (IOS15.4.1 system), and Huawei mate40 (HarmonyOS2 system) as examples.