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UnionPay (Chinese : 银联; pinyin : Yínlián), also known as China UnionPay (Chinese : 中国银联; pinyin : Zhōngguó Yínlián) or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card scheme in mainland China.
Jan 28, 2024 · China UnionPay Co. Ltd.—commonly referred to as China UnionPay (CUP) or UnionPay—is a major player in the bank card services industry. Based in Shanghai, the state-owned UnionPay provides a range of financial services, with a focus on card-based payment solutions. Its offerings include various types of cards, including prepaid, commercial ...
China UnionPay. China UnionPay is among the largest card payment organizations (debit and credit cards combined) in the world offering mobile and online payments based on total value of payment transactions. It is also the only interbank network in China linking all ATMs of all banks throughout the country, as well as the EFTPOS network.
UnionPay International (UPI) is a subsidiary of China UnionPay focused on the growth and support of UnionPay's global business. In partnership with more than 2500 institutions worldwide, UnionPay International has enabled card acceptance in 180 countries and regions with issuance in more than 70 countries and regions.
Jan 18, 2024 · On Jan 18, 2004, with approval from the People's Bank of China, UnionPay launched card services in Hong Kong, marking the beginning of the internationalization efforts made by Chinese bank card ...
Sep 16, 2018 · China UnionPay, the world’s biggest payment card issuer, is preparing to launch branded cards in the UK, the first step in a wider European expansion plan to challenge its US rivals Visa and ...
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May 31, 2023 · In 2022, China’s UnionPay overtook Visa to become the world’s most popular provider of debit cards, according to a report by payments industry research firm The Nilson Report. UnionPay, a state-owned financial services firm based in Shanghai, managed to corner just over 40% of the global market, whereas Visa, the next-biggest player, provided 38.78%, with Mastercard at 21%.
