SOUTH KOREA. Lotte Duty Free today extended its partnership with UnionPay by allowing Chinese customers to pay online using the bank card’s in-app service. It is the first time the service has been made available in Korea, said the retailer.
Previously, when using UnionPay at Lotte Online Duty Free, shoppers had to go through a credit card or text authentication process. For this service they just enter a password using the app. Lotte Duty Free said it expects UnionPay in-app payments to increase the shopping convenience for foreign tourists visiting Korea post-COVID-19. The company said that the move also reinforces the importance of online duty free shopping.
Lotte Duty Free CEO Kap Lee said: “We expect that the in-app payment service conducted in cooperation with UnionPay, China’s largest payment company, will be a competitive edge to secure Chinese customers in the future.”
