LG Uplus announced today that it will offer a new mobile payment service in China in collaboration with KB Kookmin Card and China Union Pay. When customers download Union Pay-branded mobile credit cards, they can make payments through near field communication (NFC) in China and Korea, starting in July, 2015.
Union Pay has set up the NFC payment terminal at more than 5 million stores in China. The cooperation with Union Pay is essential for entering the payment industry in China.
Read more, via Korea Times.