UnionPay International is a payment card association based in Shanghai with more than 400 domestic associate members in 140 countries. Its debit and credit cards enable people to make purchases, access financial services, and send and receive money. You can use the cards in over 164 countries, and they are accepted everywhere you can use a Discover card. However, before you begin using a UnionPay card, you should know a few things.
China’s UnionPay is the biggest card payment organization in the world, issuing over 7 billion cards. The organization unified the cards network in China in 2002. While most Chinese consumers now use Alipay and WeChat Pay to pay for goods and services, accepting UnionPay cards is a necessary back up channel. One such method is SecurePay, which helps authenticate the consumer on the UPoP platform and redirects them to several payment methods, thereby eliminating the risk of chargebacks.
Today, UnionPay’s digital payment services leverage tokenization technology, a method of generating multiple stand-ins in place of authentic bank card information. It also enables over-the-air issuance of virtual cards, enabling users outside of China’s mainland to use mobile payment services. Since the company’s creation, UPI has developed over 20 technical platforms, including the UPI Mobile Payment Service Platform. These platforms enable partners to accept and process UnionPay payments internationally.
UPI has a global reach and is actively applying mobile payments in the international market. With more than 1800 partners worldwide, it has made mobile payments a reality for people across the globe. Its network of partners enables cards to be accepted and mailed internationally. In addition, the UPI Mobile Payment Service Platform is used to process transactions in other countries. It supports more than 100 million cards globally and provides secure cross-border payment services to UnionPay cardholders.
The company is a global payment service provider based in Shanghai. Its goal is to promote the growth of the UnionPay global business. The company partners with more than 1800 institutions and has enabled card acceptance in 170 countries. Through this network, UPI has enabled the use of bankcards in more than 48 countries. These services are available to the world’s citizens and are offered through the UPI mobile app. They offer a number of convenient services for their cardholders.
As a subsidiary of China UnionPay, the company has expanded its relationship with the company. With the expansion of the global network, the two companies have agreed to allow more businesses to accept UnionPay cards. The alliance is a great example of how a global company can expand its reach by leveraging other markets. Its global reach and local expertise has proven to be a great advantage for business owners. When it comes to accepting cards, there is no better way to increase the number of customers.
As a global payment system, the UnionPay network is the largest in the world. More than seven billion cards are issued each year. The Chinese consumer has become increasingly mobile, so accepting the UnionPay network is a must for your business. Moreover, it’s crucial to accept payment cards from these two networks, as they provide the back-up channel that your customers need. For example, UPI’s SecurePay service allows consumers to authenticate their identity using their card in multiple countries.
As a global payment network, UnionPay has more than 7 billion cardholders in more than 177 countries. Its global expansion has led to the issuance of more than 58 million cards. The card is a great alternative for international consumers. With its streamlined and easy-to-use system, you can accept UnionPay payments on the go. The cards are the first choice for most Chinese consumers. You can also use Alipay and WeChat Pay.
Besides its global reach, UnionPay’s QR codes enable people to pay anywhere in the world. By using UnionPay cards, consumers can pay in more than one hundred and eighty countries. Its QR code has been adopted in over 58 countries. The company’s UPI QR codes are a universal symbol for a payment and are widely accepted by merchants, retailers, and other service providers. They are also used by more than one million users.