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Zhejiang Branch of Industrial and Commercial Bank of China (ICBC) Signed a Strategic Cooperation Agreement with Union Mobile Pay E-Commerce Co., Ltd.
2012-10-19

On October 19, Zhejiang Branch of ICBC signed a strategic cooperation agreement with Union Mobile Pay E-Commerce Co., Ltd. in Hangzhou. Zhangbin, president of Union Mobile Pay Co., Ltd. and general manager of Union Mobile Pay E-Commerce Co., Ltd., and Shen Rongqin, director of Zhejiang Branch of ICBC attended the signing ceremony. According to the agreement, covering various payment operations, united crediting, client development and other aspects, the cooperation was extended to the supply chain financing and other business area with more value-added effects.

 

It was reported that UMPay had long history of cooperation with ICBC, and they jointly launched the first mobile payment dual-currency credit card in China-“Peony Mobile Payment Credit Card” in early 2009. At this time, for the strategic cooperation of Union Mobile Pay E-Commerce Co., Ltd. and Zhejiang Branch of ICBC, both parties will dig into both demands deep and set up the seamlessly collaborative business service platform so as to provide more quality services and products to clients by taking advantages of business scale and strong channel resources of ICBC and rich experience of UMPay mobile payment.

 

Shen Rongqin, director of Zhejiang Branch of ICBC showed that both parties would adhere to existing cooperation spirits and commit to building more advanced, convenient and innovative e-commerce and financial product and service experience jointly through technological innovation, product innovation, service innovation and model innovation so as to promote the innovation and development of whole industry.

 

Zhangbin, president of Union Mobile Pay Co., Ltd. and general manager of Union Mobile Pay E-Commerce Co., Ltd. said that both parties would further deepen the strategic partnership, expand deeper and more extensive business cooperation, give full play to their advantages, jointly promote further popularization and deepening of e-commerce and Fintech Service in individual users and industrial user population, and create more competitive products and services.

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