China UnionPay and China Southern Airlines Co., Ltd. signed a comprehensive cooperation framework agreement in Guangzhou on the 27th, and jointly announced the establishment of the first "Banking Payment Lab" in China. According to the cooperation agreement, the two parties will jointly explore the establishment of technical standards for electronic payment in the aviation industry through the platform of “Banking Payment Lab†and promote the application of bank cards and electronic payment services in the aviation field. The two sides will gradually increase the deployment of POS machines for ticket direct sales outlets, cooperate in mobile payment, etc., and jointly explore cooperation through the issuance of UnionPay standard theme card products, and promote the establishment of bank card payment aviation application alliance. (Zhang Zhaohui)
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