UnionPay, Abu Dhabi Islamic Bank to Enable Contactless Payments on NFC Terminalsby Fintechnews Middle East 25. November 2020
Card company UnionPay International partners Abu Dhabi Islamic Bank (ADIB) to enable UnionPay card and contactless payment transactions on the bank’s 15,000 near field communications (NFC) terminals in the UAE.
As a safer payment method during the COVID-19 pandemic, UnionPay International has been pushing for contactless and online payments solutions as part of its efforts to protect consumers at the checkout.
All of the bank’s point of sale (POS) terminals have been enabled to provide a contactless payment service. The bank’s 15,000 NFC terminals are spread across many industries and service types including hospitals, hotels, government, supermarkets and everything in between.
The payment services available include UnionPay contactless payment through UnionPay chip cards and Mobile QuickPass payment interfaces such as Apple Pay, Huawei Pay. Also, the limit for contactless payment has been increased to AED500 to encourage wider use during this time.
Developments like these, to increase the ease and accessibility of online and contactless payments, are some of the primary methods with which UnionPay International has been tackling virus infection at the checkout around the world.
UnionPay International has also extended more convenience and benefits to the local partners. To help ease the financial pressure of the merchants impacted by the pandemic situation, UnionPay has implemented policies to increase the chargeback window for local merchant that will give more flexibility.