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This article is about a Chinese financial services company. For the mobile application developed by China UnionPay, see UnionPay (application).
UnionPay
UnionPay Headquarters (Shanghai)
Native name
银联 (Yínlián)
Company type
State-owned
Industry
Financial services
Founded
2002; 22 years ago (2002)
Headquarters
Pudong, Shanghai, China
Area served
Worldwide
Key people
Shi Wenchao (President)
Products
Payment systems Credit cards
Number of employees
559 (UnionPay International)
Website
www.unionpayintl.com/en/
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. Founded on 26 March 2002, China UnionPay is an association for China's banking card industry, operating under the approval of the People's Bank of China (PBOC, central bank of China).[1] It is also an electronic funds transfer at point of sale (EFTPOS) network, and the only interbank network in China that links all the automatic teller machine (ATMs) of all banks throughout the country. UnionPay cards can be used in 181 countries and regions around the world.[2]
In 2015, the UnionPay overtook Visa and Mastercard in total value of payments made by customers and became the largest card payment processing organization (debit and credit cards combined) in the world surpassing the two.[3] However, only 0.5% of this payment volume was outside of China.[citation needed]
UnionPay offers mobile and online payments services.[4][5]
^"Introduction - UnionPay International". www.unionpayintl.com. Retrieved 19 April 2018.
Europe Accept UnionPay". www.unionpayintl.com. Unionpay Intl. Retrieved 26 September 2022. "The largest hotels group in Europe accepts UnionPay". www.unionpayintl...
Accepted in United States". UnionPay. UnionPay. Archived from the original on 25 October 2016. Retrieved 23 August 2017. "China Unionpay Launches ATM Services...
market with other international payment schemes like Visa, MasterCard & UnionPay. PayPak uses the Gemalto's product PURE. PURE is an off-the-shelf payment...
(formerly Eurocheque) in Germany; Bancomat/PagoBancomat in Italy; UnionPay in China; RuPay in India; and EFTPOS cards in Australia and New Zealand. The need...
not just 650. Also, similar to the Mastercard/Diners agreement, China UnionPay cards are now treated as Discover cards and accepted on the Discover network...
Visa Alliance Bank - Mastercard and Visa AmBank - Mastercard, Visa and UnionPay Bank Islam Malaysia (i) - Mastercard and Visa Bank Muamalat Malaysia (i)...
from the original on April 14, 2018. Retrieved April 14, 2018. "UnionPay taps into Apple Pay". The Standard. Archived from the original on April 14, 2018...
President and UnionPay Executive David Lee Joins Red Dot Payment". Red Dot Payment. 26 April 2018. "Former Visa AP President and UnionPay Executive David...
China UnionPay and PLUS interbank networks, and also accept Visa, MasterCard, American Express, Diners Club, Japan Credit Bureau and China UnionPay credit...
JETCO connects[when?] with the UnionPay network in mainland China: JETCO cardholders can withdraw RMB cash at UnionPay machines in a number of major cities...
States JCB in Japan NETS in Singapore UnionPay in China BC Card in South Korea Elo in Brazil DinaCard in Serbia RuPay E-com is the payment gateway that facilitates...
Heineken became the presenting sponsor of the tournament from 2016 onward. UnionPay became the sponsor of the tournament for the Singapore leg since 2018....
fourth-largest card network globally based on purchase volume, behind China UnionPay, Visa, and Mastercard. 133.3 million Amex cards were in force worldwide...
award for Best Male Artist Lee Bo-young and Jang Hyuk – Presenters of BC UnionPay Song of the Year Dancing 9 – Presenters of Best Dance Performance Award...
US dollar sustainability bonds. RCBC issues VISA, Mastercard, JCB, and UnionPay credit cards through RCBC Bankard. The bank was established by Alfonso...
cards or acquire merchants operating on the network of that card scheme. UnionPay, Visa and MasterCard are three of the largest global brands, known as card...
banks within a card association, such as Visa, MasterCard, Discover, China UnionPay, American Express. The acquiring bank enters into a contract with a merchant...
HBL ATMs are linked to Visa and Mastercard, China UnionPay, and to the domestic 1LINK, MNET, and PayPak switches. IBFT (Interbank Funds Transfer) facility...
drivers had installed Octopus Mobile POS. In collaboration with China UnionPay, Octopus Cards Limited introduced Octopus card usage to two Fairwood restaurants...
ecosystems to state-owned UnionPay". South China Morning Post. Retrieved 7 October 2021. Wikimedia Commons has media related to WeChat Pay. Official website...
control split equally among Visa, Mastercard, JCB, American Express, China UnionPay, and Discover. EMVCo accepts public comment on its draft standards and...
2018, Google Pay entered into partnership with Pine Labs to capture the offline payments space in India. The company partnered with UnionPay in January...