China UnionPay, China Unicom Form Strategic Partnership

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China UnionPay and China Unicom have signed an agreement in Beijing to form a strategic partnership to implement comprehensive cooperation in the financial payment and communication service sectors.

Under the agreement, the Chinese bank card organization China UnionPay and the Chinese telecom operator China Unicom will make full use their respective networks, clients and channel resources to realize overall cooperation in various sectors, including mobile payments, fixed line payments, value-added services, e-commerce, information services, information technology security, and the issuance of a co-branded card, to jointly promote each other's business development and product expansion.

Based on China UnionPay's cross-bank trading system and China Unicom's communication network, the two parties will boost the development of innovative payment ...

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