Payment Company Profile: China UnionPay
China UnionPay (CUP) is a global bank card scheme established under the approval of the People's Bank of China and State Council in March 2002. It is the sole scheme provider of payment cards in China. According to Chinese central bank regulations, all card issuers in the country are required to route yuan-based transactions through CUP's electronic payment network.
Card issuance under the UnionPay brand is mostly concentrated in China, with minimal presence in overseas markets. UnionPay founded its UnionPay International subsidiary in 2004 to capitalize on rising demand for payment cards among Chinese students studying abroad, international travelers, and the overseas Chinese diaspora.
While issuance of UnionPay cards is limited to a handful of countries, they are accepted in more than 160 countries globally, supported by CUP's collaboration with international banks and payment service providers including HSBC, Citibank, Standard Chartered Bank, Discover, JCB, Bank of New Zealand, PayPal, and Bank of Hawaii.
In addition to card issuance and payment card processing, CUP offers the QuickPass contactless payment service, enabling consumers to pay using UnionPay QuickPass chip cards or smartphones at contactless point of sale (POS) terminals.
The report provides information and insights into payment profile China UnionPay, including
Detailed insight into its business and geographical presence
Comprehensive coverage of its products and services
Comparative assessment with key payment profiles
Information on its performance including its, supporting banks and financial institutions
The company's important events and milestones
In 2004, CUP established its UnionPay International subsidiary, in order to expand overseas. It has currently partnered with 400 institutions globally.
As of December 2016, UnionPay cards were issued in more than 40 countries, including Singapore, Japan, South Korea, the US, Mauritius, Pakistan, and Malaysia.
UnionPay has also collaborated with multiple banks and payment service providers to increase global acceptance of its cards. The cards are now accepted in more than 160 countries globally.
UnionPay cards are now accepted in African countries including Botswana, Ghana, Kenya, Mauritius, South Africa, Seychelles, Tanzania, Uganda , Zambia, and Zimbabwe.
This report provides a comprehensive overview of payment profile China UnionPay, including its operations, history and geographical presence
It provides an overview of products and services offered, and explanations on how they work
It provides details of business performance, including supporting banks and financial institutions.
Reasons to buy
Gain insights into China UnionPay's business operations, geographical presence and key events
Gain insights into its product portfolio
Assess the competitive dynamics in the payments industry by comparing its performance against competitors.
Table of Contents
Supporting Banks and Financial Institutions
Products and Services
Single User License:
Corporate User License:
China UnionPay, Industrial and Commercial Bank of China, Bank of China, Visa, Mastercard, HSBC, Citibank, Discover, JCB, Standard Chartered Bank, Bank of New Zealand, PayPal, Bank of Hawaii
select a license
NEWSLETTER BY CATEGORY
An excellent provider. Thorough, precise and outstanding insight. They drill down to what we need and their reports are effective at integrating text with supporting graphics and charts. Their reports are a great resource to go back too. ... "General Manager SBU Manufacture, PT. KIMIA FARMA, TBK"
Coherent, high-quality, thoroughly-researched reports. We received a very quick response to all our queries which eventually expedited the entire process.... "VP Innovation, Engineered Profiles LLC"
Well structured, the insights they shared with us were very helpful and reliable. Their timely assistance make their services invaluable to us. I would highly recommend them and would definitely use them again in the future if needed... "President, VPP E-Data Services, VPP E-Data Services"
The report sent to us was on the point, and its information was quite extensive, well structured, and well researched. More importantly what we valued was your response time and professionalism. As a leading global consulting firm, our clients expect high quality deliverables in short periods of time, so a reliable research partner is essential. For the price that you have charged the quality of your services were exceptional. We look forward to continue our relationship with your team on future engagements.... "Senior Associate, Booz Allen Hamilton"
This is with regards to your report on India PVC pipes and fitting market outlook industry outlook to 2019. This is a very well written report and accept my compliments on the same.... ... "Mohit Mittal, Consultant, KPMG Advisory Services"