Lotte Card announced on the 18th that it has introduced overseas UnionPay QR payment services in collaboration with the global brand UnionPay International and the app, Lokapay.
UnionPay QR payment is a global payment service that adopts the standard specifications of the International Card Consortium (EMVCo), and it can be used not only in China but also in Japan, Malaysia, Argentina, Turkey, and more. Customers can use the Lotte Card UnionPay brand card and domestic-only card through the Lokapay app card service. This is the first time that UnionPay QR payment has been available through a domestic-only card.
UnionPay QR payment can be used in the DigiRoca app Lokapay after selecting overseas and pressing the 'on-site payment' or 'QR scan' button, followed by identity verification. The payment methods include MPM (Merchant Presented Mode), where the customer scans the QR code provided at the merchant, and CPM (Consumer Presented Mode), where the customer generates a QR code for the merchant to scan. Customers can choose the method according to the payment type of the merchant they intend to pay.
A Lotte Card official said, “As customer needs for overseas convenient payment have expanded, we have collaborated with UnionPay to introduce QR payment services in the DigiRoca app,” adding, “We expect to provide a convenient payment experience, particularly in China and Southeast Asia, where payments using QR codes are predominant.”