UnionPay
Asia's Dominant Card Network with Global ReachFounded in 2002, UnionPay is a bank card association based in Shanghai, China. It operates under the approval of the People’s Bank of China and is central to the bank card industry in China. Offering both credit and debit card services, UnionPay has rapidly expanded its footprint beyond Asia, making it one of the world’s largest card payment organizations in terms of card issuance.
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Country
China
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Population
Approximately 1.4 billion (as of 2021)
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Number of Internet users
Over 900 million
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Popular payment methods in China
WeChat Pay, Alipay, UnionPay, Credit/Debit Cards, QR Payments
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China UnionPay
40%
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WeChat Pay
30%
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Alipay 25%
25%
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Other
5%
- Type:Credit/Debit card
- Currency:Primarily Chinese Yuan (CNY), but supports multiple currencies globally
- % of coverage:Covers nearly 100% of the banked population in China
- Transactions to date:>80 trillion CNY (estimated)
- Total customers:>7 billion globally
- Refunds:Yes
- Chargebacks:Yes, though it can vary based on specific circumstances
Pricing request
Our fare pricing is designed to bring satisfaction to both sides of our partnership. The pricing structure is tailored to your specific business type and monthly turnover. Kindly send us a request, including details about your business, and our dedicated success manager will promptly get back to you with our best offer.