SINGAPORE - Media OutReach - November 30, 2018 - In a bid to support the Singapore government in drivingcashless payments, UNPAY, a global fintech company that enables cross-borderfinancial services via its open platform, has ramped up efforts in promoting QRcode payment among the retail merchants locally. For a start, UNPay willprovide its merchants with popular Chinese QR code payments, and is looking toexpand its reach to include the region's QR code payment providers by thesecond half of next year.

About 1.9 million Chinese tourists¹ visitedSingapore between January to July 2017, making China one of the biggestcontributors to Singapore's visitor arrivals. While in Singapore, Chinesetourists spent a whopping $3.08 billion² in tourism receipts in2017, which is a 10% increase from the year before. The Singapore Tourism Boardestimates that this number is set to grow.

Recognising that there is a need to cater to this burgeoningsegment in the market, UNPay has─in its first phase─acquired merchants in thehospitality and food and beverage sectors. UNPay will support these merchantswith popular QR code payment methods such as Alipay and WeChat Pay, enabling the inbound Chinesetourists to pay via their preferred payment methods. In the coming months,UNPay will also be progressively acquiring foreign e-wallets to provide morepayment options for inbound tourists around the world.

Since its inception in Junelast year, UNPay is currently connected to over 500 online payment methods,achieving a comprehensive coverage of more than 200 countries and regions.Within a short span of time, UNPay has become the world's most extensivepayment service network. The business currently spans industries in travel,education, e-commerce and digital entertainment.

Zhang Zhenghua, CEO and Founder of UNPay, expressed, "Throughour active acquisition of merchants, we hope to drive the use of QR codepayment in Singapore, keeping in line with the rollout of SGQR code inSeptember.  We are confident that with our expertise and technology, wewill be able to bring greater benefits to our merchants via our integratedpayment platform, while providing a more seamless and convenient way for consumersto pay."

During this holiday season, customers whopay with Alipay or WeChat Pay supported by UNPAY, can look forward to enjoyingexclusive deals such as complimentary daily breakfast, free make-up set frompopular Korean brand as well as a complimentary beer or housepour with everytwo paying drinks. For more information, please follow the UNPay WeChatChannel.

¹https://www.stb.gov.sg/news-and-publications/lists/newsroom/dispform.aspx?ID=718

²https://www.straitstimes.com/singapore/tourist-spending-in-singapore-hit-record-268b-in-2017-china-top-source-of-visitors