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Briefs: Strong local support for UnionPay, Warwick Negus appointed BOQ director

23 September 2016 3:40PM
About 270,000 point of sale terminals in Australia now support UnionPay's QuickPass mobile payments system, making Australia the market with the largest number of QuickPass terminals outside mainland China. UnionPay International said in a media release that, since the launch of QuickPass in Australia in June last year, about half the stores accepting UnionPay had upgraded to the system, which enables contactless card and smartphone payments. Bank of Queensland has appointed Warwick Negus as a non-executive director. Negus replaces Neil Berkett as Virgin Group's nominated director on the BOQ board (part of the deal when BOQ bought Virgin Money in 2013). Negus was chief executive of Colonial First State Global Asset Management and managing director of Goldman Sachs in Australia before embarking on a board career. He is also a director of Washington H Soul Pattinson & Co, Terrace Tower Group and the Financial Services Institute of Australia.

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