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What is UnionPay? UnionPay, often referred to as China UnionPay (CUP), is a leading financial services corporation headquartered in China. Founded in March 2002, it has rapidly grown to become one of the world’s largest payment card networks, offering a wide range of payment products and services.
Pay by UnionPay QR Code. Over 25 million merchants in the Chinese Mainland support UnionPay QR Code payments. Both UnionPay App and overseas digital wallets adopting UnionPay specifications (e.g., BOC Pay from Hong Kong, BC from South Korea and NETS from Singapore) are widely supported.
May 31, 2023 · 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%. This is a remarkable feat for a firm that, just over a decade ago, held a negligible share of the world market.
Jan 22, 2020 · As part of the agreement, PayPal has committed to supporting UPI acceptance globally where PayPal is accepted – giving UnionPay cardholders more choice when shopping. In the future, UPI will explore opportunities to support PayPal's merchant and consumer ambitions in China.
Jan 18, 2024 · PR Newswire. Wed, Jan 17, 2024, 10:44 PM 6 min read. SHANGHAI, Jan. 18, 2024 /PRNewswire/ -- UnionPay, one of the world's largest payment brands, is embracing a new chapter of development after...
Nov 5, 2020 · What is UnionPay? China UnionPay is not the only one, but one of the most famous Chinese payment systems worldwide. UnionPay has maintained its representation in no less than one hundred and fifty-seven countries and has a network of more than 1 million ATMs. UnionPay users are able to pay for goods and services quickly and conveniently.
Feb 7, 2022 · February 7, 2022. Supporting Materials: PDF Version. Fiserv will enable UnionPay, one of the world’s largest payment networks, to expand issuance and streamline UnionPay card acceptance for businesses worldwide via the Carat omnichannel commerce platform.
